Ports Green Methanol and Ammonia by 2030
T
he Global Maritime Forum & RMI (Rocky Mountain Institute), under Mission Innovation’s umbrella, has released a report outlining strategies for ports to provide green methanol
and ammonia bunkering and how ports can secure supply to meet the International Maritime Organization’s (IMO) target of 5% use of zero-emission fuels by 2030. As the maritime industry transitions towards decarbonization, there will be significant changes in the sourcing and distribution of marine fuels. The low cost of transporting green methanol and ammonia will lead to extensive trade linking low-cost production regions to key ports. “Federal incentives in the Inflation Reduction Act have made the United States one of the most competitive regions in the world for green fuel production,” said Aparajit Pandey, principal & Shipping Decarbonization lead, RMI. “Smaller ports with excellent renewable resources, including ports in the Global South, can build cost-competitive hydrogen production facilities and participate in the global bunker market.”
Developments in green methanol production suggest
supply of the fuel could be concentrated in major bunkering hubs and at European ports. Also, there could be a global green ammonia trade, with long-distance transport of the fuel to hubs from projects in low-cost production regions including the United States, South America, Australia, and Sub-Saharan Africa. “While there should be more than enough green ammonia to supply first-mover ports by 2030, competition for the lowest cost volumes may be fierce and reward those who move early in securing supply,” said Jesse Fahnestock, director, Decarbonization, The Global Maritime Forum. With plans for international shipping’s fuel to be zero- or near-zero emission by 2030, ports can play a crucial role in its adoption.
Jenny Eagle, Supplements Editor, DLM
jennifer.eagle@progressivemediainternational.com
follow us on Twitter & LinkedIn
@Hoist_Magazine Hoist magazine
Editorial Jenny Eagle editor
jennifer.eagle@progressivemediainternational.com
Julian Champkin feature writer
julian.champkin@
hoistmagazine.com
Sales
Joe Woolerton group sales manager +44 20 7406 6687
joe.woolerton@hoistmagazine.com
Clive Bullard US sales executive +1 845 231 0846
cbullards@cs.com
June 2024
Production and Design Designer Karen Bishop Production Clare Ovenell Email:
clare.ovenell@ns-mediagroup.com
Customer services Register your interest in receiving future issues of Dockside:
Tony.Rock@
progressivemediainternational.com
Dockside Lift & Move, ISSN 2515-7728 is published by Progressive Media International, 40-42 Hatton Garden, London EC1N 8EB
ON THE COVER: Kalmar signs an agreement with Med Europe Terminal to supply six Kalmar hybrid straddle carriers to the Port of Marseille in France. The straddle carriers are part of a renewal programme to improve the terminal’s environmental impact.
Dockside Lift & Move Supplement | June 2024 | iii
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69
