Transformational Energy Web Meeting – 24 June 2021


BNCC is very pleased to share with its members, and the public in general, the contents of the web meeting we had on June 24 2021 about transformational energy in the shipping industry.

We had six important speakers and here you can access their presentations in a PDF form as well as their videos. Click on the image of the presentation to open the PDF file.

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“We are at the tipping point for LNG today. There are very strong drivers for those building new vessels today until 2030. The cost of fuel and technology will always be the decisive factors given certain regulations. With the current uptake of LNG, LPG is a basis for transition into a low-carbon future. Beyond 2030 we will have many other options for cleaner fuels, and of course we will other technologies like ammonia.”

“If you measure with what is available of supply today, and also with what is realistic in adding supply, either in blue, green or gray ammonia, what is challenging in the development of ammonia, for instance in the shipping fuel, will not be demand, but supply.”

“We don’t deny that decarbonization in shipping is a major challenge. But we are deeply convinced at the World Bank that it may be changed into a major business and development opportunity for countries that are willing to move ambitiously and fast into the direction of producing zero carbon bunker fuels, and both Norway and Brazil are, according to our analysis, very well placed to be such countries.”

“We are a technology company. Everybody who talks to us asks about engines, can you run on this, can you run on that, and we are doing our part. We can do that. It is important to understand that it is money that is there. There is a need of a decarbonizing strategy at the fleet level, and we see the most successful cases when we work with customers on that, because it is a matter of coming with a business case and make sense for that vessel. We bring our own technology but there is a commitment and sharing risks connected with it, with the end user in it.”

“The challenge that we are addressing with our company is the fact that most cities were built near waterways, but we developed our cities around the cars, and they are all around. The trend is to use different modes of transport in the future, and we believe we will go back to use waterways much more frequently and using autonomy to make it economically viable.”

“In taking the next step, we believe these two things are crucial: 1) getting the pilot projects in the water to test the technology in the right environment, in the maritime environment, and 2) simultaneously work on infrastructure, and the best way to do that might be to coordinate projects with end users and establish hydrogen hubs.”