OCI Global Energy Transition Leadership
Global
QCIGI
Carbon Footprint of Low Carbon Methanol & Ammonia
Carbon Footprint of Green Methanol & Green Ammonia vs. Conventional Fuels on a Well-to-Wake basis, gCO2eq/MJ
IMO revised strategy
E- Ammonia
E-Methanol
Bio Methanol
LNG
Marine Gasoil
Ultra Low Sulphur Fuel Oil
Heavy Fuel Oil
Very Low Sulphur Fuel Oil
On 7 July 2023, the IMO adopted a revised strategy, setting
out stronger ambitions, to reduce total GHG emissions by:
20% striving for 30% by 2030 (vs 2008)
70% striving for 80% by 2040 (vs 2008)
Reach net zero 'by or around' 2050 (previously 50% GHG
emissions)
Full lifecycle emissions (well-to-wake or WtW) approach,
will be used to measure these targets
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Carbon footprint of marine fuels is best judged on a well-to-wake basis (vis-a-vis tank-to-wake basis)
Taking full lifecycle into account, (net) zero carbon fuels such as green ammonia and green
methanol vastly outperform conventional fuels on carbon footprint basis
FuelEU Maritime
Clear requirements to limit GHG intensity in or between EU
ports (2% y 2025, 6% by 2030 and 80% by 2050)
Driving significant further upside for the use of methanol /
ammonia as marine fuels which will enable shipowners to
reach their FuelEU goals at fleet level
Source: Company Information, Fuel EU Maritime
Notes (1) Bio-Methanol and E-Methanol numbers based on early stage LCA calculations (2) E- Ammonia is based on 80% GHG reduction vs the fossil comparator (3) Default values used for conventional fuels as per FuelEUMartime
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