According to DNV’s latest white paper “Biofuels in Shipping”, key biofuels like FAME and HVO have great potential for reducing greenhouse gas (GHG) emissions and supporting compliance with maritime regulations, but their benefits to the industry could be constrained by limited supply in the future.»»»

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»»»

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»»»