More importantly, it focuses on five key actions that first movers can take to make tangible progress towards zero emission pilots over the next three to four years:
Join forces to fast-track technology trials and regulatory approvals Choose pilot locations that offer privileged access to low-cost renewable electricity Seize opportunities to repurpose and retrofit existing infrastructure and assets Co-invest in critical equipment such as bunkering assets and vessels Form consortiums with key value chain actors to establish voluntary offtake agreements and distribute cost across the value chain to the end-consumer
Renewable electricity for the production of green hydrogen represents the largest share of the total pilot cost for the ammonia and methanol fuel pathways that the report explores.
Though first movers will have to compete with higher investment and operational costs, the report shows that this can be mitigated through a green fuel premium, which would help distribute th…
A new report describes the barriers to the early adoption of zero emission technologies throughout the entire energy value chain.
Read more from the source: SAFETY4SEA, Published by: Toumanidis Elias