Green fuel initiative | Representatives of the marine industry have announced a new effort, which has already received some backing from the governments of Canada and the United Arab Emirates. The initiative intends to jump-start the supply of green fuels to support the global energy transition (UAE).
The new effort, which was unveiled by the CEO-led Clean Energy Maritime Taskforce, the International Chamber of Shipping (ICS), and the International Association of Ports and Harbors (IAPH), intends to give stakeholders a platform to quickly enable clean energy implementation.
Green fuel initiative
The “Clean Energy Marine Hubs Initiative,” which was unveiled today at the Clean Energy Ministerial (CEM) in Pittsburgh, would see the ICS and IAPH working with governments represented at the CEM to enhance production, export, and import of low-carbon fuels.
The governments of Canada and the UAE will be among the first nations to support the initiative, it was stated during the CEM conference.
Nawal AlHanaee, Director of the Future Energy Department at the UAE Ministry of Energy and Infrastructure, stated that huge initiatives involving several of our major ports are currently being undertakento boost the UAE’s hydrogen industry.
The two gigawatt green ammonia project by Taqa, the Abu Dhabi National Energy Company, and Abu Dhabi Ports is one of these initiatives. It will generate green hydrogen and convert it into liquid ammonia for use as bunker fuel in ships and export.
This, together with other efforts made by our ports, will strengthen the UAE’s position as a significant maritime hub for competition, said Alhanaee.
CEM, a gathering of 29 energy ministers from major nations, is part of the US Department of Energy’s Global Clean Energy Action Forum (GCEAF) and intends to give proponents of clean energy a forum to exchange ideas on how to carry out a successful global green transition.
IAPH states that one of the main goals of the new Initiative is to make it easier for people to share information and knowledge about policies, programmes, and decarbonization projects in order to reduce investment risk and hasten the commercial deployment of alternative fuels and technologies across nations.
Guy Platten, Secretary General of the ICS, emphasised the initiative’s ability to accelerate the construction of the zero emissions infrastructure while stating that the organisation needs to focus its operations toward the transformation of the entire zero-emission fuels market.
“Our taskforce will now work with the governments of Canada and the UAE, as well as other governments, to bring forward a tangible workplan for the next CEM that will ensure that the enormous opportunities of zero emission fuels can be fully realised, produced at scale, and delivered safely to everyone.”
Through 2050, at least 50% of all traded zero-carbon fuels are anticipated to be transported by the marine sector, according to recent study from the International Renewable Energy Agency.