This week (14 – 16 May) the Bridge Team is taking a stand at the LNG Bunkering & Future Fuel Summit in Amsterdam LNG Bunkering & Future Fuel Global Summit (oilandgasiq.com).
The marine industry has long been committed to introducing greener fuels to reduce emissions and environmental impact, and the event features some leading discussions on LNG, BIO/Synthetic/E-LNG and the early development of Ammonia, Methanol and Hydrogen.
Bridge is ideally positioned to embrace the transition to new fuels (Bridge - Future Fuelling), with its reach across the global sector and its intrinsic agility to flex across different products, including:
LNG is popular as a marine fuel due to its lower emissions compared to traditional marine fuels like heavy fuel oil. LNG-powered vessels emit significantly fewer sulphur oxides (SOx), nitrogen oxides (NOx), and particulate matter.
Biofuels derived from sources such as algae, waste oils, and other renewable feedstocks offer the advantage of being renewable and potentially carbon-neutral, depending on the source.
Hydrogen fuel cells produce electricity through a chemical reaction with oxygen, emitting only water as a byproduct. However, challenges remain in terms of hydrogen production, storage, and distribution infrastructure.
Ammonia produces zero CO2 emissions when burned, but challenges exist in terms of its toxicity and safe handling. Research is ongoing to develop efficient and safe ways to produce, store, and utilise ammonia as a marine fuel.
Methanol reduces emissions compared to traditional fuels. It can be produced from a variety of feedstocks, including natural gas, biomass, and CO2.
Whilst governments and international organisations are implementing regulations to drive the adoption of cleaner fuels, initiatives such as the International Maritime Organization's (IMO) sulphur cap and the designation of emission control areas (ECAs) incentivise the use of cleaner fuels and alternative propulsion systems.
And while the initial investment in new fuels infrastructure and equipment may be higher compared to traditional fuels, the long-term operational savings, fluctuating oil prices and potential regulatory compliance benefits, could make them an economically attractive option for some shipowners.
Come and see us at Stand 3 and in the meantime, have a look at the agenda here - https://bit.ly/3PmfFt5 We also have a discount code which will save you 20% off passes - use code "PARTNER20" at the checkout. You can get your discounted pass here - https://bit.ly/3IIIuMo