Navigating Alternative Fuels to Meet 2030 CO2 Emissions Targets
Due to environmental regulations such as CII, EU ETS, and FuelEU Maritime, which have intensified the imperative for shipowners to accelerate decarbonisation initiatives, the maritime industry has witnessed a significant interest in alternative fuels.
The most immediate goal imposed by the IMO is to reduce CO2 emissions by at least 40% by 2030 and there are a variety of alternative fuels available to achieve this target. For instance, advanced biofuels have been increasingly regarded by industry leaders as a viable option to expedite shipping’s journey towards net-zero.
To build credibility and increase investor interest in the uptake and production of alternative fuels, it is crucial to achieve the 2030 goals of carbon emissions reduction. This will pave the way for further progress towards a decarbonised future.
As alternative fuels become an integral part of the net-zero journey, there have been discussions regarding the ethical impact of using biomass for their production. This is why the International Sustainability and Carbon Certification (ISCC) certification is key to ensuring compliance with the social and environmental sustainability criteria of the Renewable Energy Directive.
As a sustainable drop-in fuel producer and carbon removal company, XFuel is driven by its mission to decarbonise the transport industry while protecting the ecosystem. Our recognition through the ISCC EU and ISCC Plus certifications endorses our commitment to sustainable sourcing of feedstock from the agriculture, construction, and forestry sectors.
Our sustainable drop-in fuels allow us to decarbonise the transport sector without delay as they offer a direct replacement to fossil fuels in internal combustion engines; Leverage existing storage, logistics, and end-use infrastructure, saving cost and time; and are compatible with all transport modes, including those in transition over the next 25 years+
To learn more about the expanding fuel mix and the race towards a more sustainable future, you can read the full article in the Motorship September edition via the following link (p.32-34): https://issuu.com/mercatormedia/docs/motorship_sept_2023_flipbook?fr=sMmQ1YTY0MDc1MTk
