Everything Dr. Lynn Loo said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Loo: Projections show ammonia will eventually be cheaper than e-methanol
“In the long term, if you look at the projections and the numbers, I think if costs were the driver, then the cost of ammonia is going to be cheaper than the cost of e-methanol.”
Loo: Low-density future fuels will force distributed bunkering networks
“And so that model, I think, will break down and we will see more distributed bunkering because of the low volumetric density of these future fuels.”
Loo: Customers show zero willingness to pay shipping's green fuel premium
“There's no willingness to pay for the green premium.”
Loo: Maritime shipping will not converge on a single replacement fuel
“I think, you know, the future of maritime, it's not going to be single fuel. So we're not going to, for example, move into one single fuel. I think, you know, as a contrast to aviation, where I think there's a convergence that we need sustainable aviation fuel…”
Loo: Meeting 2030 targets requires doubling globally traded ammonia volumes
“In order to reach that number, the Global Maritime Forum has done some calculations and showed that we need, the sector needs to adopt 10% green fuels by then. 10% green fuels, we already said, you know, that shipping bunkers, three hundred million tons, 10% o…”
Loo: 30% shipping efficiency gains failed to lower net absolute emissions
“If you look at the sector from 2008, we've already reduced emissions by improving fuel savings and energy efficiency to the tune of 30%. Yet, because the trade volumes have gone up so much, net-net, we've not really reduced emissions.”
Loo: 80% of global fleet will still burn fossil fuels in 2030
“If you just look at the numbers and you look at how many vessels are on the water today which is 65,000, and how 80% of them are going to be still on fossil fuel by twenty-thirty, and probably about 30% in twenty-fifty, they need to decarbonize as well.”
Loo: Ammonia output must reach 600 to 700 million tons by 2050
“The projection is we need, we will see about six to seven hundred million tons of ammonia by 20 50. Today, it's only about two hundred million tons that's being produced, right?”
Loo: Eliminating methane slip allows LNG to cut shipping emissions by 25%
“And so if you can eliminate methane slip, the emissions reduction is approximately 25% compared to heavy fuel oil, and so that's a good thing, and it could be a transition fuel. It doesn't get us to zero. It gets us partway there.”
Loo: Shipping engines do not require high-quality SAF-level fuel refinement
“The thing with SAV is you need to, it needs to be really high quality, right? I mean, it needs to mimic jet A-one fuel. With shipping, you don't need that.”
Loo: Onboard carbon capture lacks economies of scale of land-based systems
“Carbon capture in itself, even on the land side is expensive. So doing carbon capture on board vessels has no economies of scale. You're essentially building little factories, chemical factories on board vessels, right? So certainly you're not doing this for c…”
Loo: Shipping accounts for about 3% of global emissions
“Shipping as a sector contributes about three percent to global emissions. And so in the large scheme of things, that's not a lot, right? It's one gigaton compared to about 40 gigatons.”
Loo: Shipping transports 90% of goods globally
“Shipping is responsible for transporting 90%
Of goods around the world.”
Loo: Seven ship owners signed up to trial crude algae oil
“In fact, we've got seven ship owners who signed up and said they would be interested in trialing this on commercial routes.”
Loo: Singapore and Rotterdam bunkered 1 million tons of biofuels this year
“Singapore and Rotterdam I think collectively now have bunkered a million tons of biofuels this year, and so that's grown from almost zero just a couple years ago.”
Loo: Worldwide marine bunkering volume is about 300 million tons annually
“Worldwide bunkering volumes is about three hundred million tons.”
Loo: Global methanol production currently reaches 100 million tons annually
“It's being produced at about a hundred million tons a year.”
Loo: The shipping industry has ordered about 20 ammonia carriers so far
“So about 20, I think it's been 20 ammonia carriers have been ordered thus far.”
Loo: Ammonia and methanol need 2.5 times more volume than heavy fuel
“The volumetric energy density is significantly lower than heavy fuel oil, and so you would need approximately two and a half times, whether we're talking about ammonia or methanol compared to heavy fuel oil to go the same distance.”
Loo: Over 50% of operating ships bunker at one preferred port
“In fact, we did a survey with BCG and the survey showed that you know ships actually, the bunkering patterns are very, I would call them centralized. So more than 50% of the ships on the water today have a favorite port and the favorite port is defined as bunk…”
Loo: Singapore's bunkering volume exceeds the next nine largest hubs combined
“Singapore bunkers fifty million tons when the global bunkering volume is three hundred million tons. So the bunkering volume in Singapore is greater than the bunkering volumes of the next nine largest bunkering hubs all combined.”
Loo: No regulations exist for offloading captured shipboard CO2 at ports
“When you are at port of calls, you need to offload that CO two. And there are currently no guidelines or regulations on how you can offload that CO two.”
Loo: 800,000 seafarers require training to handle future zero-carbon fuels
“800,000 seafarers need to be trained to be able to use these future fuels.”
Loo: Maritime shipping relies primarily on heavy fuel oil
“Well, I mean, shipping propulsion of shipping basically relies on fossil fuel, and so this is heavy fuel oil mostly. It's really the bottom, the stuff that you can't distill when you refine fossil fuels and oil and that's what's used in shipping.”