Ethanol makes its case in maritime decarbonisation
NorthStandard’s Loss Prevention Director of Decarbonisation, Mark Smith, explores the maritime case for a sustainable biofuel that is widely used as an automotive fuel additive.
In October, the International Maritime Organization is set to adopt a legally binding framework to reduce greenhouse gas (GHG) emissions from ships over 5,000 GT, pending entry into force in 2027.
Including a new fuel standard and a global pricing mechanism for emissions, the framework is highly significant for the UN agency’s targets for global shipping to achieve net-zero emissions close to 2050, and interim carbon intensity targets for 2030 and 2040.
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