Trafigura highlights role of hydrogen-based fuels in decarbonizing shipping

May 26, 2023 |

In Singapore, Trafigura has published new research highlighting the vital role that hydrogen-based fuels will play in decarbonizing shipping.

The new research also highlighted the potential for countries in the ‘Global South’ to produce green ammonia and green methanol to satisfy growing global demand for these low-emission fuels.

“Our research estimates the ‘Global South’ could produce almost 4,000 exajoules per year of competitively priced green hydrogen, against projected annual shipping demand of 20 to 40 exajoules. This could provide developing countries with the chance to develop new export industries and create thousands of skilled jobs,” said Margaux Moore, co-author and Head of Energy Transition Research and Venture Investments at Trafigura. “It will, however, only be realized if the shipping industry can agree on ambitious decarbonization targets and, crucially, implement a global price on carbon for marine fuels.”

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Category: Fuels

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