Shell has decided not to promote bio-methanol as a marine fuel, opting instead to focus on LNG as the best way for the industry to decarbonize. The company believes that LNG and bio-LNG are the most cost-competitive options in terms of energy density and carbon abatement. Shell’s head of marine LNG business development, Krishna Achuthanandam, stated that their modeling supports this approach.
According to Shell, the progression from LNG to bio-LNG and e-fuels is the most effective way for the marine industry to reduce its carbon footprint. The company’s decision to prioritize LNG over bio-methanol is based on their belief that it offers the best balance between cost and environmental impact. Shell’s commitment to decarbonization in the marine sector is reflected in their focus on developing sustainable fuel options.
Shell’s stance on promoting LNG as a marine fuel aligns with their long-term strategy to transition towards cleaner energy sources. By prioritizing LNG and bio-LNG as cost-effective and environmentally friendly options, Shell aims to lead the way in reducing carbon emissions in the maritime industry. Their modeling suggests that these fuels offer the best combination of energy density and carbon abatement, making them the most viable choices for decarbonization efforts.
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