Friday, 28 March 2025

MARKET REPORT

Shipping industry faces two alternative decarbonisation paths with hydrogen-based fuels and biofuels vying for prominence

In view of the maritime sector's strengthened commitments to reduce GHG emissions to net-zero by 2050, the Lloyd’s Register (LR) Maritime Decarbonisation Hub’s “The Future of Maritime Fuels” report presents a review of a wide range of fuel mix projections and has identified two alternative paths that will steer shipping’s course – hydrogen-based fuels scenarios and biofuels scenarios.

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