SEA-LNG warns that barring fuels for industry decarbonisation strategy will hamper drive towards net-zero.
Namely, SEA-LNG explained that the shipping industry, its regulators, and its supporters “need to focus on reducing emissions, without prejudging the technology needed to achieve that.”
In fact, it says that the rapidly growing order book for LNG-fuelled vessels shows that increasing numbers of ship owners and operators understand the benefits of this environmentally friendly fuel.
LNG’s transition pathway to carbon-neutral shipping services, through the use of bioLNG and synthetic LNG, is clear and well defined
Furthermore, the organization notes that “it is often overlooked that all synthetic fuels, such as synthetic LNG, green ammonia, and green methanol are derived from the same building block.” As a result, they face the same challenge, which is the need for massive amounts of renewable energy.
Hundreds of billions of dollars will need to be invested over decades before these fuels can be scaled to the level needed to serve the maritime industry
Additionally, many owners know that bio and synthetic LNG can be used interchangeably with existing LNG bulk infrastructure, supply chains, bunkering vessels, dual fuel engines and the fuel storage, and supply systems onboard these vessels.
Namely, they also know that there is minimal methane slip in the high-pressure engines that can be purchased today. Further, low-pressure engines have been improved significantly and continue to improve, to the point that methane slip arguments are just an excuse to disparage LNG to justify waiting and inaction.
It is troubling that the CEO of a large carrier suggests that LNG should be banned from the maritime sector
Moreover, the proposal to ban LNG would seriously delay the shipping industry’s ability to meets its GHG reduction obligationsm SEA LNG believes.
Waiting really is not an option. To be successful in meeting its GHG reduction targets, the industry needs to begin using all alternative fuels, including LNG, bioLNG, and synthetic LNG
Finally, the regulators’ should drive towards goal-based and technology-neutral policy and regulation. This will facilitate the development of a complete basket of viable fuels that will be essential for a successful carbon-neutral future.
