Carbon Credits’ Post

🚢 Exciting times ahead for the maritime industry! As we transition towards renewable fuels, the battle for dominance between methanol and green ammonia in shipping and freight is heating up 🔥 Methanol, with a well-established history, is a short-term, affordable, and scalable solution, while green ammonia offers a carbon-free alternative with long-term potential 📈 The market's choice will depend on factors like production speed, infrastructure cost, and fuel price. Which fuel will win? Only time will tell, but companies must make informed decisions amidst rapid technological changes. ResourceWise Carbon Mitigator report provides crucial insights and analysis, aiding businesses in navigating this evolving biofuels landscape. #RenewableFuels #Decarbonization #GreenShipping

BP secures approval to transform an Australian refinery for biofuel production, marking a significant move amid the industry's debate on carbon offsets. The project, part of BP's multibillion-dollar investment in sustainable fuels, focuses on converting the refinery to use natural products like vegetable oils and animal fats. The biofuel initiative reflects a broader trend among oil majors, with ExxonMobil and others venturing into renewable alternatives. #BP #Biofuels #Sustainability

There is an opportunity and a need for biofuels in North America. Recent years have seen significant progress in zero emissions technologies for light-duty vehicles but the decarbonization of medium- and heavy-duty vehicles is much slower and more challenging. Increasingly, companies are looking for interim ways, such as renewable fuel, to reduce their emissions today while preparing for these longer-term solutions. Learn more: https://lnkd.in/dvvRypYB Erik Reed, Ilshat Haris, Anna Temple, Andrey Timofeev, Luke H. Young, David Schaar, Yana Chankseliani #decarbonization #biofuel #transportation

The domestic biofuels sector’s growth promises substantial benefits how this requires a policy framework which includes financial incentives to lower production costs; regulatory measures to guarantee SAF quality; public awareness initiatives; development of infrastructure and capacity; and stakeholder cooperation. Internationally, competitors in the US, EU and Brazil and moving towards ‘jet zero’, the aviation industry’s net-zero emissions goal. In Australia, the biofuel industry is ripe for innovation, leveraging the country’s abundant natural resources and robust research infrastructure, writes Geoffrey Bell from MicroBioGen. #manufacturing #australianmanufacturing #saf #aviation Australian Renewable Energy Agency (ARENA) Bioenergy Australia Jet Zero Australia Jet Zero Council

With the rise of #biofuel development, how can we know which ones will win out in the long run? From biomethanol's emergence in marine fuels to the allure of green ammonia, a 100% carbon-free alternative, and the critical considerations shaping their viability. Learn more in our latest blog.  

ResourceWise is delighted to announce an expansion into the #marinefuel industry with key bio-#bunkering benchmark indexes—now available on Prima CarbonZero! Partnering with ENGINE, a trusted source of data for bunker and shipping professionals, ResourceWise provides eight key bio-bunker price benchmarks: B30 VLSFO Rotterdam HBE  B30 LSMGO Rotterdam HBE  B30 UCOME VLSFO ARA  B30 UCOME LSMGO ARA  B24 UCOME VLSFO Singapore  B24 UCOME LSMGO Singapore  B30 UCOME VLSFO Los Angeles  B30 UCOME LSMGO Los Angeles As the world moves toward a greener tomorrow, all industries that are powered by fossil fuels are seeking renewable alternatives. Powering the future of #maritime shipping, #biofuels are a key consideration in this hyper-competitive market. With ResourceWise on your side, you now have access to precision bio-bunkering data to better understand how this market is moving. You can read our press release with more details here. https://lnkd.in/eTrgAXQQ #decarbonization

Neste pivot from fossil fuels to biofuels in 2020, driven by global sustainability goals, led to high costs and technological challenges. These issues have caused the company’s market value to plummet by over 75%. Developing biofuel technology is capital-intensive, and scaling production involves complex processing techniques. Neste's experience underscores a broader truth in the energy sector: transitioning to greener, more sustainable energy sources comes with substantial costs and challenges. The adage "there's no such thing as a green free lunch" aptly summarises this reality. While the environmental and social benefits of moving away from fossil fuels are undeniable, the economic and operational costs are significant. #Biofuels #GreenEnergy #Sustainability #EnergyTransition #MarketValue #NesteOyj

The race to decarbonization continues to ramp up, and the pace is only set to increase in the coming months. Accordingly, businesses from all industries are aggressively seeking out the best possible options to lower their carbon footprint and save on total emissions. Case-in-point: #methanol and #ammonia. Biomethanol has become a serious contender as a renewable alternative in the #marinefuels market. But #greenammonia, a 100% carbon-free option, is also making waves. While green ammonia seems like the obvious choice for improved carbon results, it's not as simple as the carbon numbers. Ammonia carries with it a high cost for production and usage. With the potential infrastructure investment, methanol (which already has the production capability and lower price) seems like a more prudent choice. This comparison raises an important question. In the quickening rise of #biofuel technology and development, how can we know which ones will win out in the long run? Read more about this important topic in our latest blog. https://lnkd.in/eeCpcE6M

United European Car Carriers (UECC) is reaping the rewards of its pioneering investments in alternative fuels and is on track to exceed its goal of a 45% emissions reduction by 2030 after more than doubling biofuel usage across its fleet last year. The leading European sustainable shortsea carrier has made significant strides in the decarbonization of its fleet of pure car and truck carriers (PCTCs) with the addition of five LNG-fueled newbuilds and the increased rollout of biofuels in recent years – and this is now showing commercial payback for clients in the light of new green regulations, according to Energy and Sustainability Manager, Daniel Gent. The company achieved a total tank-to-wake emissions reduction of over 60,000 tonnes across its 14-vessel fleet in 2023, of which it is estimated increased biofuel use accounted for 40,000 tonnes, with the remainder coming from LNG. This was a near-250% increase on the emissions cut of 24,200 tonnes achieved in 2022. #bunkering #bunkermarket #energy #shipping #maritime #shipowners #decarbonization #energytransition #oilandgas #ports #marinefuels #uecc #unitedeuropeancarcarriers #pctc #pctcs #carcarriers #roro #biofuel #biofuelbunkering #csnl #lng #europe https://lnkd.in/dBPyxfgc

🛢️ bp has won approval to refit an Australian refinery for biofuel production, marks a shift in energy strategy, despite bp ongoing commitment to oil. 🌱 🌐 Darren Woods CEO of ExxonMobil, states, "Biofuels will play a role" in the transition away from fossil fuels. This reflects a broader industry trend towards sustainable energy. 🌍 💡 bp's pioneering biofuel project in Australia signifies a major investment in alternative fuels, aiming to create sustainable aviation fuel (SAF) by 2026. 💚 📊 Jamie D., S&P’s biofuels analyst, highlights, "The US has very few plants operating and producing SAF, so the ramp-up time for additional plants becomes of great importance." This underlines the urgency in expanding SAF production. ✈️ 🔎 Controversies around biojet fuel sustainability persist, as the industry grapples with balancing environmental impacts and energy needs. 🤔 🌿 Global efforts in lower-carbon jet fuel production, with Europe leading, showcase a significant shift towards reducing aviation's carbon footprint. 🌏 #BP #biofuel #sustainableaviationfuel #energytransition #oilindustry #ExxonMobil #environmentalimpact #SAF #globaltrends #carbonfootprint