Clearer Seas Ahead: Explore How Biofuels May Advance Maritime Emission Reduction Goals

As a global industry, the maritime sector faces unique challenges on its fuel journey. High equipment costs, uncertain international policies, logistics and complex maritime supply chains can be obstacles in implementing lower carbon intensity fuels. Despite these barriers, the International Maritime Organization (IMO) has set ambitious carbon reduction goals. The challenge is now posed to the industry: How will maritime organizations meet these targets?

While there’s buzz in the industry for products such as green methanol, hydrogen and green ammonia, these solutions don’t exist today.

This short video explores why biodiesel and renewable diesel are the right technical fit for large container vessels and cruise ships today.

Working to make progress toward maritime emission reduction targets with biofuels

The IMO is calling on maritime suppliers to reduce carbon dioxide (CO2) emissions by at least 40% by 2030, as part of a broader effort to reduce CO2 emissions by at least 70% by 2050, compared to 2008 levels. These phased targets are designed to drive steady progress to the ultimate goal of reducing total CO2 emissions from international shipping by at least 50% by 2050.

The only renewable solutions available in significant volumes today are biodeisel and renewable diesel. Both biodiesel and renewable diesel are a great technical fit in the marine industry in blends or up to 100% use. They mix extremely well with existing fuels being utilized in maritime marine gas oil and low sulfur fuel oil.

While fuel is available, competitive economics remains a challenge. Marine fuels in the United States don’t always qualify for local and state incentives. Internationally, the Renewable Fuels Standard (RFS) requires RINS to be retired, adding another layer of complexity and cost for obligated parties.

Chevron works closely with industry associations to mitigate these policy challenges and assist customers in implementing lower carbon intensity fuel solutions.

Biofuels in the cruise line industry

The cruise line industry has committed to pursuing net zero emissions by 2050, aligning with the IMO’s targets.

For the cruise industry, Chevron has worked with customers who use a 50-50 mixture of renewable diesel or biodiesel with marine gas oil. Customers that are further along on their fuel journey are considering pilots with 100% biodiesel. As cruise lines look to navigate fuel decisions, Chevron is here to help find solutions.

For more information about integrating lower intensity carbon fuels into your marine operation, connect with our team today.