This week, RWE withdrew from a $10 billion Namibia green hydrogen project, the latest example of companies considering such investments.The German power utility said on Monday that it had withdrawn from Namibia's
This week, RWE withdrew from a $10 billion Namibia green hydrogen project, the latest example of companies considering such investments.
The German power utility said on Monday that it had withdrawn from Namibia's Hyphen green ammonia project because demand for hydrogen and hydrogen derivatives such as ammonia is developing slower than expected in Europe.
The lack of new fuel availability for shipping is a problem that Accelleron has tackled in its newly released report Deadlock: What’s stopping shipping’s carbon-neutral fuel transition?
The report centers on one “guiding truth” - green hydrogen is the foundation of shipping’s net zero future. “To produce hydrogen at even remotely competitive costs, a single green hydrogen hub could span up to 30 times the landmass of Singapore or one-tenth the size of the United Kingdom,” states the report. Green hydrogen is the building block for e-fuels, and no industry can scale green hydrogen to those proportions alone.
“The production of future carbon-neutral fuels in international shipping cannot depend on tapping into new renewable power plants built for the public grid. It will require the development of additional, dedicated renewable energy facilities.”
The report highlights five deadlocks currently holding back adoption of carbon-neutral fuels in shipping:
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