The Fuel Transition
The transition from fossil fuels to renewable fuels is inevitable but will take time. It is not yet possible to predict exactly how the transition will proceed. Projections are based on today's basic assumptions about supply and demand.
What is certain is that fossil fuels will be with us for some years, that biofuels will be increasingly used on today's vessels, and that the availability of renewable fuels like e-methanol and e-ammonia will still take some years.
The decade from 2030 to 2040 will be characterized by a broader fuel mix, in which renewable methanol will play an important role in achieving our 2040 target.
The use of ammonia as a fuel requires technical solutions that meet the highest safety requirements, both on the vessel and during bunkering. It is the very high safety requirements that will probably not allow safe deployment until 2035.