New zero-emission fuels produced from green hydrogen could cut GHG emissions by 80-100% once scaled according to the World Economic Forum.
The World Economic Forum underscores the fact that a new generation of shipping fuels is being developed to accelerate the decarbonization of the shipping sector. Green hydrogen and its derivatives, e-ethanol and e-ammonia, are emerging as cornerstone solutions for maritime decarbonization.
When hydrogen is produced through electrolysis powered by renewable energy, it can be synthesized into green fuels like e-methanol and e-ammonia. Industry pioneers are already moving to scale up production.
Moreover, Simon Torkington Senior Writer, Forum Agenda, writes that Copenhagen Infrastructure Partners has secured a 126,000-hectare plot in Western Australia to build a large-scale renewable energy project – the Murchison project – that once operational, will utilize combined onshore wind and solar energy to produce green ammonia.
In Africa, companies like Phelan Green Energy in South Africa and Hyphen Hydrogen Energy in Namibia are developing facilities to produce e-ammonia at scale.
Furthermore, Hyphen’s plant will be one of the largest and most advanced green hydrogen plants in the world. Investment in the plant has topped $10 billion, which is equivalent to Namibia’s annual GDP. The fuel it produces will offset 5-6 million tonnes of carbon dioxide emissions each year, the company says.
These innovators are members of the World Economic Forum’s First Suppliers Hub, part of the First Movers Coalition. The First Suppliers Hub is a carefully curated repository of decarbonization projects that meet stringent emissions-reduction criteria.
