Dr. Lynn Loo, CEO of the Global Center for Maritime Decarbonization, discusses the recent growth of commercial maritime biofuel bunkering.
Prediction Held 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.”
Prediction Not 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.”
Opinion
Loo: Customers show zero willingness to pay shipping's green fuel premium
“There's no willingness to pay for the green premium.”
Prediction Held up
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…”
Assertion Supported
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…”
Assertion Supported
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.”