Lloyd’s Register’s latest Fuel for Thought: Biofuels report highlights the significant role biofuels can play in shipping’s transition to cleaner energy. As low-emission, drop-in alternatives to fossil fuels, biofuels offer greenhouse gas (GHG) savings of up to 84%, require minimal retrofitting, and can extend the operational lifespan of vessels. Widespread adoption faces challenges, including feedstock availability and demand competition from other sectors like aviation. The report dives into these barriers while detailing key operational considerations, regulatory drivers, and industry standards for biofuels such as FAME and HVO. With insights from LR and other industry leaders, this report serves as a vital resource for shipowners navigating the zero-carbon transition. Download the report to learn more: https://loom.ly/vuhXPK0 #Biofuels #EnergyTransition #LRFuelForThought
But unfortunately still doesn't address the issue of fuel energy density converting to Piston Pushing Power. If you have to burn more fossil fuel to get the biofuel blend to produce the equivalent power at the piston, all the theoretical emissions savings have vanished into filthier air! It's a trap! Switch to Biofuels for a pretend 84% Carbon Credit today, to be met with a considerably higher increased NOx tax very soon.
Legal Executive and Compliance, Americas | Mergers and Acquisitions (M&A) | Maritime O&G Corporate Lawyer | Energy | Contracts
2mo👏👏👏