The guide, compiled by BLUE Insight in partnership with Bureau Veritas, features over 40 organisations, energy innovators and entrepreneurs looking to meet shipping’s low and zero carbon fuels commitments.
The Low Carbon Shipping Fuels & Energy Guide 2020 is available to order and a free-to-access Executive Summary of the guide’s scope, focus and methodology, which is published today, offers commentary from four shipping fuel and energy experts: Matthieu de Tugny, executive vice-president, Bureau Veritas Group, Marine & Offshore; Tristan Smith, reader at University College London’s (UCL) Energy Institute; Peter Boyd, lecturer and resident fellow at Yale University, former chief operating officer, Carbon War Room; and Adrian Tolson, director, Lead, BLUE Insight.
To qualify for inclusion in the guide, the fuels and energies considered had to demonstrate the potential to give an individual vessel a 60% CO2 reduction, according to a 2008 baseline.
The energy and fuel sources covered in the guide include ammonia, batteries, bio-LNG, biofuels, DME, fuel cells, hydrogen, methanol, nuclear, synthetic crude, and synthetic LNG.
In the Executive Summary, which considers the prospects – and challenges – associated with a multi-energy future for shipping, Peter Boyd also makes the point that the role of the fuel procurement manager – currently often a mid-level grade – will become increasingly important and visible in the marine energy transition:
‘While the fuel manager role of the world’s largest shipping companies and their customers is already complex, wide-ranging in scope, and oversees significant budgets, its important work is now becoming increasingly visible to the C-suite and their boards,’ he says.
‘As the top levels grapple with the strategic risks and opportunities of addressing climate change and ensuring long-term viability of their businesses, the newly-promoted Energy Director will be in a key spot to advise how best – in the broadest sense – 95% of the world’s goods should be sustainably shipped to where they are needed.’
The full Executive Summary can be accessed here