High costs, lack of available technology among challenges facing maritime sector in decarbonisation pursuit

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High costs, lack of available technology among challenges facing maritime sector in decarbonisation pursuit
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Singapore is playing host to players from the international maritime community at the Singapore Maritime Week 2023 this week, as they discuss key issues and exchange ideas to bring the sector forward.

in the sector, such as the experimentation and adoption of biofuels and the creation of possible “green corridors” for clean-energy vessels to ply.

Singapore is also working on putting together provisional national standards to specify what marine biofuels should be, said Ms Loo, adding that a director from her organisation is part of a working group on the matter. With insufficient biofuel options available, the aim is not to get all stakeholders on board, but to spread the idea of cleaner alternative fuel adoption.

“When you source biofuels from the producer and as the biofuel comes down the supply chain, there are many points of intervention and contamination,” explained Ms Loo. “A lot of it depends on investment on land. The fuels that are in play that can scale up to the degree that we need, are going to be based on renewable energy,” Ms Christensen told CNA’s Asia First.

Ms Christensen also highlighted the importance for private companies, industry experts and policy makers to work together to discuss the specific challenges such as the technologies, financing structures and necessary regulation needed to take the sector forward.Moving forward, the sector is also working on using ammonia as a potential new fuel, but there are many technical and operational gaps, she said.

It complements other similar studies done by organisations such as the Global Maritime Forum, the Getting to Zero Coalition and the Nordic Green Ammonia-Powered Ship project.

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