New rules fuel push vehicle owners to go green with CNG

  • New rules fuel push vehicle owners to go green with CNG
    Independent.t. E.
    Tough new rules on marine fuel are forcing ship owners to explore liquefied natural gas as a clean alternative.
    https://www.independent.ie/business/irish/new-fuel-rules-push-ship-owners-to-go-green-with-lng-37224632.html
    https://www.independent.ie/world-news/article37224712.ece/b1451/AUTOCROP/h342/ipanews_5b557fd5-bbd5-49cc-9786-21f026c44d8a_embedded228077630

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Tough new rules on marine fuel are forcing ship owners to explore liquefied natural gas as a clean alternative.

In Ireland, Shannon LNG applied to Bord Pleanála to extend the planning permission for the construction of an LNG terminal at the mouth of the Shannon near Drumshanbo in the beginning of this year.

Ports, such as Gibraltar prepares to offer updated gas stations in big shake shipping industry over the past decade.

From 2020, the rules of the International Maritime organization will ban vessels from using fuel with sulfur content above 0.5 PC, compared with 3.5 PC now, if only they are not equipped to clean sulphur emissions. This will be implemented in the form of fines levied by the member States of the IMO.

Using LNG to power ships instead of fuel oil or lighter marine gas oil can reduce polluting emissions of nitrogen oxides and sulfur oxides by 90-95pc, according to industry estimates.

The stakes are high. Analysts at Swiss Bank UBS estimated that the market for green shipping can cost a minimum positive flow in the $ 250 billion over the next five years.

To dig up a market, Gibraltar is in the process of launching a CNG-fuel power plants, whose accompanying tanks can also be used for filling cargo vessels with barges.

Gibraltar is hardware marine fuel in any port of the Mediterranean and seeks to do the same with LNG, said Tirado Manuel, CEO of the Gibraltar port.

“The purpose of the GPA is to be the number one LNG bunker port in the Mediterranean, but this will not happen overnight,” he told Reuters.

The shipping industry is under pressure to reduce their emissions of the main greenhouse gas that causes global warming is carbon dioxide (CO2) – not less than 50pcs by mid-century, with the 2008 level, after the IMO agreed target in April after years of debate. Although still a fossil fuel, CNG emits 10 to 20pcs less CO2 than even low-sulfur fuel oil.

The period of low oil prices slowed down the use of LNG as a marine fuel. But over the past year as the price of oil went up, appetite increased in the cruise industry, as well as in container, cargo and tanker sectors.

Currently 125 vehicles worldwide use CNG, according to marine certification experts DNV GL, with from 400 to 600 is expected by 2020. It’s still a small part of the global fleet over 60 000 merchant ships.

The valuation of the company VesselsValue said 78 vessels with dual-fuel engines able to use LNG will be delivered in 2018, the largest annual number to date.

“Over the past year or so, there’s a growing consensus among shipowners that CNG is a good step. It is gaining momentum,” said Martin vold, senior consultant at DNV GL.

But the transition to LNG will take time, low sulphur oil-based fuel is also used to replace heavy oil.

By 2050, DNV GL forecasts that only 47pc of energy for delivery out of oil fuels. Gas fuel will be 32pc, and the rest will be provided with sources of carbon neutral energy, such as biofuels and electricity.

One of the challenges in using LNG to power ships was the investment required for the construction of filling stations.

In addition, commercial vessels powered by LNG cost about $5 million more than conventional ships.

(Reuters)

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