The International Maritime Organization has set its sights on slashing the global shipping industry's total emissions in half by 2050, with an interim target of cutting the carbon intensity of all ships by at least 40% by 2030. S&P Global Platts Analytics expects momentum to build for ammonia-fueled ships as companies strive to meet these ambitious goals, and sees the potential for more than 2,500 vessels to be powered by ammonia by 2030 under an aspirational case, while its reference case is more conservative at 469 vessels.
Senior editor Jasmin Melvin spoke with Carbon Neutral Consulting President Steve Crolius about potential applications for ammonia in a sustainable energy economy and what is needed for the fuel to take off within the maritime industry.
Stick around after the interview for Jeff Mower with the Market Minute, a look at near-term oil market drivers.
This podcast was produced by Jasmin Melvin in Washington and Jennifer Pedrick in Houston.
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