BIOFUELS MEET MARITIME DECARBONISATION: CONTRACTUAL IMPLICATIONS


The trading of biofuels has matured in the last 15 years due to regulatory requirements for minimum biofuel content in automobile fuel and is now being thrusted into a new arena by maritime decarbonisation.


Biofuels – commonly categorised as first (food or animal feed crops), second (non-food feedstocks including residues and other waste), and third (microalgae) generation – are increasingly used as Marine Green Fuels (MGFs)1


. Their trading raises


new issues that the existing contracts do not address satisfactorily.


1.


  conventional marine fuels.


BIOFUELS – COMMONLY CATEGORISED AS FIRST (FOOD OR ANIMAL FEED CROPS), SECOND (NON-FOOD FEEDSTOCKS INCLUDING RESIDUES AND OTHER WASTE), AND THIRD (MICROALGAE) GENERATION


4 | ADMISI - The Ghost In The Machine | Q3 Edition 2023


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