The Ammonia Report, published by Carbon Neutral Consulting, reviews the range of shipping’s future fuel choices, identifies ammonia as ‘a potentially well-qualified alternative’, and considers the degree of challenge involved in scaling ammonia up as a major marine fuel.
‘The IMO’s initial GHG strategy calls for a 50% reduction in the sector’s GHG emissions vs. a 2008 baseline. Yet, at this point in time, of a sample of 500 companies with hard assets at stake, just 20% have a clear decarbonisation strategy in place. We believe companies have no time to lose in rising to this challenge,’ said Stephen Crolius, Co-Founder of Carbon-Neutral Consulting (CNC) and co-author of The Ammonia Report.
Crolius continued: ‘We saw the relevance of ammonia energy to the maritime sector even before the IMO outlined its initial strategy for reducing GHG emissions in 2018.
‘Over the last three years we have had the opportunity to interact with companies in many different maritime industries and we have studied the key developments. We came to realise that the ammonia fuel concept could have far-reaching implications that maritime companies could use to their advantage.’
As well as reviewing ammonia’s credentials as a marine fuel, the report presents a business strategy for companies within the maritime sector and outlines steps for implementation.
The Ammonia Report ‘package’ includes is a low-carbon ammonia cost calculator which is said to allow those who buy the report to delve into the economics of low-carbon ammonia production using their own assumptions’.
The reports co-authors are finance expert Milton Bevington, who joined the Climate Climate Initiative in 2006, business strategy consultant Stephen Crolius and energy expert, Trevor Brown, who founded Ammonia Industry dot com and currently serves as executive director of the Ammonia Energy Association.
More information about The Ammonia Report can be found here