Global
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Key shipping stakeholders see a multi-fuel future: new survey results
A recent survey reveals how shipping industry leaders see the maritime fuel transition progressing. With conventional ship engines set to remain the preferred technology until at least 2050, almost all the survey respondents saw their fleets running on a mix of fuels by that date. Although methanol & ammonia are likely to be adopted at scale, respondents do not currently see any of the new fuels emerging as an industry standard, with key choices ahead for shipping companies, fuel producers, bunker providers and industry regulators.
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Scrap “green” and “blue” hydrogen, use emissions intensity instead: new IEA report
The International Energy Agency has proposed a new taxonomy for hydrogen definitions based on emissions intensity, moving away from color labels. In Towards hydrogen definitions based on their emissions intensity, the IEA proposes a set of nine distinct, technology-neutral emissions intensity bands. The report also advocates for an international approach to ensure interoperability between certification schemes, and suggests that a mutual recognition approach based on the IPHE’s emissions methodology is the best way forward.
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New pricing service announced for low-carbon ammonia
Argus Media is the latest organisation to launch a pricing service for low-carbon ammonia, following on from CRU and S&P Global Commodity Insights. The services build on existing methodologies, assumptions and trade routes for fossil-based ammonia.
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Current certification gaps hindering development of a global market: new IRENA report
IRENA and RMI’s new report Creating a global hydrogen market: Certification to enable trade concludes that there are significant gaps and conflicts in current certification schemes. Inconsistent labelling thresholds, accounting boundaries, and production pathways are the main areas of concern. The report offers several recommendations to support the harmonisation of certification frameworks, warning that schemes cannot continue to develop in a “patchwork” manner.
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Green Hydrogen Catapult welcomes new ammonia energy players to its coalition
The coalition of industry first-movers has announced three new members and an expanded target for electrolyser deployment (45 GW amongst its members by 2026). Ammonia energy players Power2X, Hy Stor Energy and ReNew Power all joined last month.