Charting a new course: Hydrogen's impact on global shipping
1 September 2023
In this report, our hydrogen experts set out five key insights into hydrogen's impact on global shipping:
- The maritime shipping sector is currently significantly off course for alignment with the Paris Climate Agreement.
- Hydrogen derivatives provide a credible decarbonisation solution for this hard to abate sector, but challenges remain.
- The maritime shipping industry is likely to focus on methanol in the short-term, with a progressive switch to ammonia, in the long-term.
- However, most hydrogen derivatives come with lower energy density compared to current hydrocarbon fuels, leading to a cargo/distance trade-off for shippers.
- Therefore, a hydrogen fleet is likely to lead to a redrawing of the global trade map, enabling strategically loated countries with high hydrogen production potential to become refueling hubs.
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