Dr. Lynn Loo, CEO of the Global Center for Maritime Decarbonization, explains the multi-fuel transition in global commercial shipping to Shayle Kann.
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“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 for maritime, it's not going to be like that already.”
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More from Dr. Lynn Loo
PredictionHeld up
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.”
Dr. Lynn LooJul 12, 2024▶ 25:01Decarbonizing the high seas
PredictionNot checkable as stated
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.”
Dr. Lynn LooJul 12, 2024▶ 29:46Decarbonizing the high seas
Opinion
Loo: Customers show zero willingness to pay shipping's green fuel premium
“There's no willingness to pay for the green premium.”
Dr. Lynn LooJul 12, 2024▶ 33:09Decarbonizing the high seas
“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…”
Dr. Lynn LooJul 12, 2024▶ 35:31Decarbonizing the high seas
AssertionSupported
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.”
Dr. Lynn LooJul 12, 2024▶ 36:41Decarbonizing the high seas
PredictionOpen · timeframe Dec 2030
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.”
Dr. Lynn LooJul 12, 2024▶ 38:19Decarbonizing the high seas
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