Amazon, IKEA, Unilever– major names in commerce, and major users of ocean shipping. And others as well, they have signed a pledge to make sure their shipping is zero-carbon powered by 2040.
That’s a long time away, 20 years; the approximate lifetime of a ship. but it means that these shippers will not be booking on LNG powered vessels.
So is LNG-powered shipping marked for extinction?
I think it’s very possible. Aside from its use of fossil fuel, though cleaner than traditional bunkers, there’s the problem of methane emission.That requires even more re-engineering. In the oil field, despite the fact that the technology is readily available, methane emissions and flaring are still common. It’s a governance question. Better to avoid fossil fuel products altogether.
Sam Chambers October 20, 2021Will emissions pledge sound the death knell for LNG as a fuel? – Splash247