In 2023, the maritime sector consumed just 0.7 million tonnes of oil equivalent (Mtoe) of liquid biofuels, representing a mere 0.6% of global liquid biofuel supply and 0.3% of shipping’s total energy use, highlighting the limited uptake of biofuels in shipping today compared to other sectors. Despi»»»

The shipping industry is facing a pressing challenge: the need to decarbonise and reduce its impact on climate change. As regulators push for stricter environmental standards, the use of biofuels in shipping has emerged as a promising solution. Biofuels, such as methane, methanol, and fuel oils der»»»

In a new analysis of the role of biofuels in shipping, DNV concludes that while they can play a significant role in decarbonizing shipping, it is unlikely that biofuels will be the only solution to shipping’s goals to transition to zero GHG emissions. The analysis highlights the need for a major bu»»»