en English af Afrikaans sq Albanian ar Arabic hy Armenian az Azerbaijani eu Basque be Belarusian bg Bulgarian ca Catalan zh-CN Chinese (Simplified) zh-TW Chinese (Traditional) hr Croatian cs Czech da Danish nl Dutch et Estonian tl Filipino fi Finnish fr French gl Galician ka Georgian de German el Greek ht Haitian Creole iw Hebrew hi Hindi hu Hungarian is Icelandic id Indonesian ga Irish it Italian ja Japanese ko Korean lv Latvian lt Lithuanian mk Macedonian ms Malay mt Maltese no Norwegian fa Persian pl Polish pt Portuguese ro Romanian ru Russian sr Serbian sk Slovak sl Slovenian es Spanish sw Swahili sv Swedish th Thai tr Turkish uk Ukrainian ur Urdu vi Vietnamese cy Welsh yi Yiddish
Open Translation
AMSTERDAM: Dirk Kronemeijer is founder and CEO of marine biofuels supplier and marketer GoodShipping and GoodFuels. He explains what the European Commission’s ‘Fit for 55’ emission-reduction proposals mean for the maritime shipping industry:

For the very first time, the comprehensive climate change legislation includes the shipping industry. The international shipping fleet is a major source of emissions, currently responsible for around 3.0 percent of the world and around 11 percent of Europe’s total carbon emissions. This figure is expected to grow to around 15 percent by 2050 if alternative fuels and clean technologies are not adopted today.

With Fit for 55, the EU tackles the maritime industry’s Greenhouse Gas (GHG) emissions from several angles, including:

· The revision of the Renewable Energy Directive aims to further drive scaling up the usage of renewable and low carbon fuels in the EU.

· The FuelEU Maritime Initiative aims to decarbonise the shipping industry by ramping up the use and production of renewable and low carbon maritime fuels (following the definitions and sustainability criteria of the Renewable Energy Directive).

· The revision of the Alternative Fuels Infrastructure Directive aims to improve the development of the needed infrastructure of such renewable and low carbon fuels.

· The gradual extension of the EU Emissions Trading System to the maritime industry will set a cap on the amount of maritime GHG emissions.

· The revision of the Energy Tax Directive revisits the tax exemptions for conventional fossil fuels used in intra-EU shipping.

Being a leading sustainable frontrunner and market pioneer in the development and supply of sustainable advanced marine biofuels, GoodFuels very much supports the inclusion of the maritime sector in Fit for 55. In our view, the package is an essential instrument to accelerating the energy transition in shipping as we edge closer to the regulatory changes set by the IMO for 2030 and 2050.

However, the targets set within Fit for 55 are the first stepping-stones in shipping’s wider decarbonisation journey. The industry must start making immediate decarbonisation impact today with the solutions already available.

GoodFuels introduced the world's first sustainable marine biofuels in 2015 and has since proven the viability of this solution in the future fuels mix. We collaborate with the world's biggest shipping companies and cargo owners, who all join our movement to reduce carbon emissions and add further momentum towards sustainable shipping. With the greatest movers and shakers already behind us, we’re showing that the industry is ready to scale up biofuels for the long term.

Sustainable biofuels are the most promising decarbonisation measure for shipping today and tomorrow. Importantly for the uptake of our biofuels, and a key advantage for GoodFuels, its ‘drop-in’ characteristic means they can be blended with existing fossil fuels and require no changes to marine engines or infrastructure, allowing the current fleet to significantly decarbonise without any modifications.

We fully expect sustainable biofuels to play a major role in marine decarbonisation, and we are perfectly placed to support all segments of the shipping industry in this great transition with our impactful solutions.

In light of the cross-border nature of shipping, addressing its decarbonisation challenge at an EU level is the right approach. It encourages the international shipping industry to follow the EU by example and take action on the global level.

The next stepping-stone will be the development of global greenhouse gas (GHG) lifecycle guidelines for all fuel types. The GHG performance and carbon intensity of fuels should be assessed on a well-to-wake basis, considering the impacts of production, transport, distribution and use on board. This will ensure global consensus for effective deployment of technologies that provide a lower GHG footprint and real benefits compared to the conventional fossil fuels.

We look forward to learning more of this development at IMO level hopefully later on in the year with great anticipation. In the meantime, we will continue to support and further accelerate the energy transition in the shipping industry and making a true impact with our carbon-busting solutions.
GoodFuels, part of the GoodNRG Group, has created a one-stop shop for integrating the entire supply chain for next generation biofuels. From feedstock to tank, the company proposition covers elements of sourcing feedstock and ensuring its 100 percent sustainability, production and refining, global distribution, quality assurance and marketing programmes with ports, governments and end clients.
Story Type: News

Vote for my Story

Our Rating: 9% - 1 votes

1000 Characters left

Latest News

July 30, 2021
Circular Economy Editor

Consumer Rent-to-Recirculate business gets US$1 billion endorsement

BERLIN: Grover, a circular economy-based renter of consumer technology, has secured US$1billion in equity and asset-backed financing to increase its subscribers from 475,000 to five million by 2024. Fasanara Capital will fund a special purpose entity to…
July 30, 2021
Food Editor

A billion tons of food wasted as another 100 million people go hungry

ANTANANARIVO, Madagascar: The World Food Programme (WFP) says over 500,000 children are facing irreversible damage to their growth after four years of drought in southern Madagascar caused by human-induced climate change. “While we are rushing to space, 41…
July 29, 2021
Energy Editor

bp helps find an alternative to producing fossil fuel

COPENHAGEN: Energy major bp has joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping to help the maritime sector migrate away from fossil-fuel use. The Center says 70,000 vessels produce three percent of the world’s carbon emissions from the…
July 29, 2021
Transportation Editor

U.S. Congress charged with expanding green power

WASHINGTON, DC: In a letter to U.S. House and Senate leaders, the Zero Emission Transportation Association (ZETA) says it is time to increase federal investment in domestic electric vehicle (EV) adoption. The 60-member corporate group says investing in…
July 28, 2021
Manufacturing Editor

Mercedes-Benz to be electric-only by 2025

OXFORD: Following the purchase of Oxford, UK-based electric motor manufacturer YASA, Mercedes-Benz says it will only produce electric-powered vehicles from 2025 as investments into combustion engines and plug-in hybrid technologies will have dropped nearly 80…
July 23, 2021
Technology Editor

New AI-based solution for supply chain climate risk

SAN FRANCISCO: ClimateAi, applying artificial intelligence (AI) to climate risk modeling, has launched a SaaS solution for companies wanting to know the risk level of climate change on their supply chains. The company says potential customers can optimize…
July 22, 2021
Energy Editor

Airbus joins new Canadian green fuel SAF group

TOULOUSE/QUEBEC: Airbus has joined a Canadian consortium of Air Transat, Hydro-Quebec, Aéroports de Montréal, Polytechnique Montréal and Aéro Montréal to develop sustainable aviation fuel (SAF) technology. The goal is to make Montreal a SAF hub producing…
July 22, 2021
Food Editor

Driven to waste - the global impact of food loss

NAIROBI/LONDON: A report by WWF and the UK supermarket chain Tesco says 40 percent of all food is wasted while emitting 10 percent of global greenhouse gases (GHG). WWF Media officer Lilian Gikandi says there’s a better solution to wasting 2.5 billion tonnes…
July 21, 2021
Circular Economy Editor

New circular economy map for marine industry

LONDON: The Sustainable Shipping Initiative (SSI) has published a report discussing the potential of applying circular economy principles to maritime shipping. Authored by Dutch sustainability and circularity consultancy 2BHonest, the report says it is time…
July 20, 2021
Transportation Editor

How smart shippers reduce supply chain emissions

AMSTERDAM: The Smart Freight Centre (SFC) and MIT Center for Transportation & Logistics (CTL) have produced guidelines to encourage airlines and their customers a greater use of Sustainable Aviation Fuel (SAF) to reduce greenhouse gas (GHG) emissions. SAF is…
July 20, 2021
Emissions Editor

Australia and Canada fossil fuel subsidies rise 40-plus percent

NEW YORK: A report by Bloomberg Philanthropies and research affiliate BloombergNEF says G20 member countries have provided over US$3.3 trillion in subsidies for coal, gas, oil, and fossil fuel power since the Paris Agreement. At today’s prices the amount…
July 19, 2021
Energy Editor

US emissions reduction plan faces fossil fuel backlash

NEW YORK: The latest outlook on US greenhouse gas (GHG) reduction by the Rhodium Group says the country is on track to reduce emissions 20-22 percent below 2005 levels by 2025 and 20-26 percent by the end of the decade. Depending on the pace of US…

We are using cookies

By continuing you are agreeing to our use of cookies

I understand