A new, step-by-step blueprint gives guidance on how to perform the initial pre-feasibility assessment of potential green corridors. The Blueprint is created as a contribution to the Green Hydrogen Catapult initiative by Rocky Mountains Institute and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping.
he framework is based on learnings from existing corridor projects and this tool provides a structured approach to collecting the necessary data and making the right analyses.
Step 1: Introduction, vision and project setup: Identification of project vision and possible green corridors in the defined area of interest including region specific drivers and constraints.
Step 2: Alternative fuels: Timing, capacity, emission, and cost: Mapping of fuel supply possibilities within the area including considerations around cost, current and future production capacity and expected competition. Fuel LCA – estimation of the well-to-wake reduction potential for each alternative fuel considered.
Step 3: Port, storage, and bunkering infrastructure: Identification of ports in the defined area and description of crucial, port specific restrictions. Mapping of port readiness level assessment (bunkering and call) for relevant ports.
Step 4: Trade routes, vessels, cargo, and services: Mapping of emissions and fuel consumption in the area by vessel segments. Analysis of import and export by cargo type, services, volume, value, (vessel / operator specific) trade routes and vessel segments for defined region. Mapping and quantification of the additional cost of green services and transport.
Step 5: Policy, regulation, and funding: Assessment of the regulatory landscape in the area to identify possible discriminating factors.
Step 6: Selecting potential green corridors: While CO2 emission abatement is the ultimate goal, the fastest way to achieve it, is not necessarily to address the largest emitters. In some areas, the availability of specific fuel might make a certain vessel segment the most relevant while in others it can be secondary attributes, like availability of local workforce, infrastructural development opportunities or the opportunity to increase technical insights. Certain regulation or funding options might also influence the decision, allowing certain corridors or segments of fuels to be given a head-start. This blueprint process includes gathering a lot of data, allowing multiple criteria to inform the decision of which green corridors to pursue.
Step 7: Next Steps: The process ends with the planning of Consortia Incubation Workshop, alignment on project governance, funding, and resourcing requirements to complete the feasibility phase and develop a communications and engagement plan.
A green shipping corridor is a collaborative effort, and the Pre-Feasibility Blueprint makes it easier to facilitate the needed dialogue between all parties to get a green corridor initiate.
Green corridors are also key enablers of the green transition in shipping. Once operational, green corridors will:
- Contribute to the development of alternative fuel supply chains and offtake agreements;
- Speed up the scaling process by offering real life demonstration of solutions and technologies;
- Unite individual first mover actions across the value chain and develop new business models.