Biofuel Adoption Pathways for Cargo Vessels under Carbon Tax

Xiao, Z.; Lam, J.; Thepsithar, P.; Milla, K. (2022). Biofuel Adoption Pathways for Cargo Vessels under Carbon Taxhttps://doi.org/10.1088/1742-6596/2311/1/012035

@conference{Xiao-2022-4078,
author = {Xiao, Z and Lam, J and Thepsithar, P and Milla, K},
title = {Biofuel Adoption Pathways for Cargo Vessels under Carbon Tax},
year = {2022},
month = {jul},
volume = {2311},
pages = {012035},
publisher = {IOP Publishing},
doi = {10.1088/1742-6596/2311/1/012035},
url = {https://iopscience.iop.org/article/10.1088/1742-6596/2311/1/012035},
keywords = {Wastes and Byproducts, Biodiesel (FAME), Methane (Natural Gas), Renewable Diesel (HVO / FT), Thermochemical, Policy, Strategy and Transition Pathways, Ocean-going Vessels},
}

TY - CONF
TI - Biofuel Adoption Pathways for Cargo Vessels under Carbon Tax
AU - Xiao, Z
AU - Lam, J
AU - Thepsithar, P
AU - Milla, K
AB - According to the International Maritime Organization (IMO) Greenhouse Gas (GHG) Strategy, the shipping industry by 2050 aims to reduce by at least 50% of GHG emission level in 2008. Among various alternative energy sources, biofuels illustrate potential as a drop-in fuel using existing shipboard technologies, bunkering infrastructure, and a new fuel replacing conventional fossil-based fuels. However, the decision to adopt biofuel in vessels depends on various factors. Biofuels may be derived from different feedstock and production routes and thus demonstrate different economic and environmental performances. The compatible type of engines also differs across biofuels, implying differences in capital cost. In addition, a high carbon tax may push the usage of a more expensive biofuel, while a low carbon tax may not drive the switch from fossil fuel. This study aims to analyse biofuel adoption pathways under carbon tax to achieve a net 50% GHG emission reduction for cargo vessels, including bulk carriers, container vessels and tankers. The study focuses on the following types of fuels: low sulphur fuel oil (LSFO), marine gas oil (MGO), Liquefied natural gas (LNG), biodiesel in the form of palm methyl ester (PME), hydrotreated vegetable oil (HVO), and bio-LNG.
DA - 2022/07//
PY - 2022
SP - 012035
PB - IOP Publishing
UR - https://iopscience.iop.org/article/10.1088/1742-6596/2311/1/012035
DO - 10.1088/1742-6596/2311/1/012035
LA - English
KW - Wastes and Byproducts
KW - Biodiesel (FAME)
KW - Methane (Natural Gas)
KW - Renewable Diesel (HVO / FT)
KW - Thermochemical
KW - Policy, Strategy and Transition Pathways
KW - Ocean-going Vessels
ER -