Zero-carbon shipping needs significant R&D investment
The shipping industry is charting its own course to decarbonisation
On the fringes of Cop26, away from the protests and pledges, the shipping industry held a landmark decarbonisation conference. Aimed at translating bold words into affirmative actions, the unprecedented gathering of shipowners and ministers set out the future of powering the industry which underpins global trade. In 2022 and beyond, we know that that future must be green, and so too the fuels we put in our ships. Whether ammonia, hydrogen or biofuel (there are many others), there is a real willingness to move our industry away from the carbon-intensive present. This change is none too soon. Our energy needs are sizeable and will only have risen since the boom in demand for trade following th

Also in this section
4 March 2025
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
4 March 2025
EU net-zero polices have shifted refining investment among member states, while across the region countries and companies continue to adjust to changes in trade flows caused by the war in Ukraine
4 March 2025
Gas auctions underperform, signalling a slow start to 2025 after bumper 2024
3 March 2025
The Middle East is focusing on modernisation and expansion projects, while Africa is seeking to reduce its imports of refined products