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Biofuels in Shipping: Current market and guidance on use and reporting

Abstract

With the decarbonization of shipping in increasing focus, the use of biofuels1 is on the rise. Decarbonization targets have been set by the International Maritime Organization (IMO), and greenhouse gas (GHG) regulations are adding to the cost of using conventional fossil fuels, incentivizing shipowners to explore different ways to reduce emissions. Building on previous research, this paper incorporates the latest developments with global biofuel supply, and its uptake in shipping, while also providing a technical overview of best practices for the use of the biofuels FAME and HVO on ships. The report also contains an overview of how biofuels can be used for compliance with key GHG regulations.