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Ammonia is among the most energy-efficient green fuels due to its zero carbon properties. However, it is toxic and corrosive. This is why we commissioned an ammonia bunkering safety study that will deliver a detailed technical evaluation to help define the safety and operational envelopes for ammonia bunkering in Singapore. The ammonia bunkering safety study began in February 2022 and is currently being carried out by DNV. It will establish the basis for a regulatory sandbox which will pave the way for ammonia bunkering trials in Singapore.
Drop-in biofuels assurance framework
Biofuels can be a near-term measure to reduce GHG emissions as they are available today, and can be deployed in the same way as marine fuels with minimal changes to the existing distribution infrastructure, shipboard technologies, and operational norms of ships. However, there is no industry-wide assurance framework that addresses concerns on the quantity, quality and GHG emissions abatement of biofuels, nor one that safeguards their premium and value. This GCMD-led pilot aims to establish an assurance framework that ensures supply chain transparency of drop-in biofuels, whose applicability can be extended to future drop-in fuels, such as bio-LNG, bio-methanol and green ammonia, when they become available in meaningful quantities.
Shipboard carbon capture Project REMARCCABLE
Our projections show that 84% of the fuel-mix for large merchant vessels will still be based on fossil fuels in 2030, and 34% in 2050. This means that we need interim solutions to help us reduce carbon emissions in the near term before zero-carbon fuels are at scale. Carbon capture is the only negative emissions solution that will allow us to do so. Project REMARCCABLE is the world’s first project aimed to demonstrate end-to-end shipboard carbon capture at scale.