Fuels choice key to cutting shipping emissions: IEA

  • Spanish Market: Biofuels, Emissions, Fertilizers, Hydrogen, Oil products
  • 18/05/21

Fuel choice is the main driver to lowering emissions from the shipping sector by 2050, the IEA said today.

In its Net Zero by 2050 report the IEA said that a significant part of pre-2030 emissions reduction can come from measures such as slow steaming and wind assistance, and from more energy-efficient newbuilds. But the sector will not reach net zero emissions by 2050 under the IEA's scenario, because of a lack of low-carbon options and the long lifetime of vessels.

The IEA's Net‐Zero Emissions by 2050 Scenario (NZE) shows that advanced biofuels will provide almost 20pc of 2050 marine fuel consumption, and hydrogen-based fuel more than 60pc. Of the latter, green ammonia "looks likely to be a particularly good candidate for scaling up" and will account for around 45pc of global marine fuel demand in the scenario.

Green ammonia is produced by combining nitrogen from the air and hydrogen from the electrolysis of water using renewable electricity. It is easier to handle on board than green hydrogen and has a higher energy density, making it more suitable for longer journeys. Ammonia has its own risks.

The World Bank recently backed green hydrogen and green ammonia as the most promising long-term shipping fuels.

The widespread use of fuels such as green ammonia and green hydrogen relies on the development of necessary infrastructure by 2030, the IEA said, suggesting that industrial hubs for hydrogen-based fuel production should be placed near major ports.

In the Amsterdam-Rotterdam-Antwerp trading and refining hub, also Europe's biggest ship refuelling area, Danish utility Orsted plans to build a 1GW green hydrogen plant, and German utility Uniper will build a 500MW green hydrogen plant.

The International Maritime Organisation (IMO) is targeting better efficiency to combat sector emissions.

Electrification of ships will be very limited, according to the IEA's NZE scenario, with battery technology only viable on short routes.


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18/04/24

Amapá cancela regime especial de ICMS

Amapá cancela regime especial de ICMS

Rio de Janeiro, 18 April (Argus) — O Secretário da Fazenda (Sefaz) do Amapá (AP) cancelou ontem o regime especial de tributação de empresas importadoras de combustíveis, colocando um fim a uma situação que gerava distorções de preços no mercado de diesel . A decisão do órgão foi publicada no diário oficial desta quarta-feira, dia 17, e contempla os regimes especiais do tributo estadual ICMS de oito empresas, entre elas a Refinaria de Manguinhos, que pertence ao grupo Fit, Amapetro, Axa Oil, Alba Trading e Father Trading. No caso da Amapetro, a empresa pagava uma alíquota efetiva de 4pc do valor da importação nas compras de outros países para uso próprio para consumo dentro do estado. Considerando a média do indicador Argus de importação de diesel de origem russa ao longo de março, isso equivaleria a R$136,9/m³.O valor atual do ICMS nos outros estados brasileiros é de R$1.063/m³ desde 1 de fevereiro. O estado teria importado 197.244m³ de diesel em março, de acordo com informações do Ministério do Desenvolvimento, Indústria, Comércio e Serviços (MDIC). Isso equivale a 15,9pc do total de diesel importado pelo Brasil no mês. O consumo de diesel A do estado foi de 6.250m³ no mês passado, equivalente a 0,1pc do consumo nacional, de acordo com os dados da Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP). As autorizações do estado criavam distorções de preços no mercado e perdas de arrecadação fiscal em várias estados onde o produto acabava sendo consumido. Associações de produtores e distribuidores de diesel vinham pressionando o poder público nos últimos meses para derrubar esses regimes especiais. De acordo com o Instituto Combustível Legal, a medida causou um prejuízo de R$1 bilhão aos estados onde o combustível importado no âmbito do regime especial era efetivamente consumido, citando os estados de São Paulo, Paraná e Pernambuco como principais destinos. No início do mês, a Refina Brasil, que reúne as refinarias de petróleo independentes do país, estimou que o contribuinte amapaense pagava um valor próximo a R$0,83/l em subsídios para importadores. Por Amance Boutin Envie comentários e solicite mais informações em feedback@argusmedia.com Copyright © 2024. Argus Media group . Todos os direitos reservados.

Conab: Safra de cana-de-açúcar bate recorde


18/04/24
18/04/24

Conab: Safra de cana-de-açúcar bate recorde

Sao Paulo, 18 April (Argus) — A moagem de cana-de-açúcar da safra 2023-24 foi a maior da história do país, em meio a condições climáticas favoráveis e investimentos no setor, de acordo com dados da Companhia Nacional de Abastecimento (Conab). O processamento total de matéria-prima da safra de 2023-24, entre abril de 2023 e o mesmo mês deste ano, totalizou 713,2 milhões de t, alta de 16pc em comparação a 610,8 milhões de t na temporada anterior. As áreas destinadas à atividade canavieira aumentaram 0,5pc, para 8,3 milhões de hectares (ha). A maior disponibilidade de matéria-prima estendeu as operações de moagem – que normalmente param em novembro – até dezembro em importantes estados produtores, como São Paulo. Produção de etanol Tanto a produção de etanol quanto a de açúcar cresceram, segundo a Conab. A produção total de etanol do Brasil – excluindo o biocombustível à base de milho – atingiu 29,6 milhões de m³, salto de 11pc na base anual. O etanol hidratado representou a maior parte do crescimento do processamento este ano, totalizando 17,6 milhões de m³, aumento de 16pc em relação ao ciclo anterior. A paridade favorável para o E100 frente à gasolina na bomba nos principais estados consumidores impulsionou a demanda pelo biocombustível na temporada. Já a produção de etanol anidro subiu 6,5pc, para 12 milhões de m³. O processamento de etanol à base de milho avançou 33pc, registrando 5,9 milhões de m³, com crescentes investimentos no setor tanto no Centro-Sul quanto em outras regiões. O anidro de milho subiu 45pc, para 2,2 milhões de m³. Para o hidratado, o resultado foi de 3,6 milhões de m³, alta anual de 26pc. O Brasil exportou 2,5 milhões de m³ de etanol na temporada de 2023-24, queda de 2,9pc em comparação à safra passada. Os Estados Unidos foram os maiores compradores do biocombustível, com 33pc dos embarques. Em seguida, a Coreia do Sul e o hub Amsterdã-Roterdã-Antuérpia (ARA) responderam por 17pc e 12pc, respectivamente. Já as importações de etanol caíram 43pc em comparação ao ano anterior, somando 215.000m³. Quase todo o produto chegou dos EUA e do Paraguai, que representaram 55,5pc e 44,3pc do volume total. Enquanto isso, a produção de açúcar aumentou 24pc, para 45,6 milhões de t, com usinas direcionando mais matéria-prima para o adoçante em meio a preços atrativos para a commodity no mercado internacional. O Brasil exportou 35,2 milhões de t de açúcar de abril a março, alta de 26pc no ano, em um cenário em que grandes exportadores, como Índia e Paquistão, diminuíram as entregas. China, Índia e Indonésia foram os maiores importadores do produto brasileiro. Por Laura Guedes Envie comentários e solicite mais informações em feedback@argusmedia.com Copyright © 2024. Argus Media group . Todos os direitos reservados.

TUI Cruises receives methanol-ready ship


18/04/24
18/04/24

TUI Cruises receives methanol-ready ship

New York, 18 April (Argus) — Cruise ship company TUI Cruises took delivery of a methanol-ready cruise ship which will start operations at the end of June. Methanol-ready vessels allow ship owners to easily retrofit their vessels to burning methanol in the future. The 7,900t deadweight Mein Schiff 7 will operate in the North Sea, the Baltic Sea, along the European Atlantic coast and in the Mediterranean and run on marine gasoil (MGO). It was built by Finland's Meyer Turku shipyard. In January, TUI Cruises signed a memorandum of understanding with trading company Mabanaft for future supply of green methanol. Mabanaft would cover TUI's methanol needs in northern Germany, and gradually add other European locations. Grey methanol was pegged at $717/t MGO equivalent and biomethanol at $2,279/t MGOe average from 1-18 April in Amsterdam-Rotterdam-Antwerp. About 0.9 times and 2.9 times, respectively, the price of MGO, Argus assessments showed. TUI Cruises is a joint venture between the German tourism company TUI AG and US-based cruise ship company Royal Caribbean. By Stefka Wechsler Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Canada furthers investment in GHG reductions


18/04/24
18/04/24

Canada furthers investment in GHG reductions

Houston, 18 April (Argus) — The Canadian government plans to have C$93bn ($67.5bn) in federal incentives up and running by the end of the year to spur developments in clean energy technology, hydrogen production, carbon capture utilization and storage (CCUS) along with a new tax credit for electric vehicle (EV) supply chains. The Canada Department of Finance, in its 2024 budget released on 16 April, said it expects to have the first planned investment tax credits (ITCs), for CCUS and renewable energy investments, in law before 1 June. The ITCs would be available for investments made generally within or before 2023 depending on the credit. The anticipated clean hydrogen ITC is also moving forward. It could provide 15-40pc of related eligible costs, with projects that produce the cleanest hydrogen set to receive the higher levels of support, along with other credits for equipment purchases and power-purchase agreements. The government is pursuing a new ITC for EV supply chains, meant to bolster in-country manufacturing and consumer adoption of EVs with a 10pc return on the cost of buildings used in vehicle assembly, battery production and related materials. The credit would build on the clean technology manufacturing ITC, which allows businesses to claim 30pc of the cost of new machinery and equipment. To bolster reductions in transportation-related greenhouse gas (GHG) emissions, the government will also direct up to C$500mn ($363mn) in funding from the country's low-carbon fuel standard to support domestic biofuel production . Transportation is the second largest source of GHG emissions for the country, at 28pc, or 188mn metric tonnes of CO2 equivalent, in 2021. But the province of Alberta expressed disappointment at the pace of development of ITC support that could help companies affected by the country's move away from fossil fuels. "There was nothing around ammonia or hydrogen, and no updates on the CCUS ITCs that would actually spur on investment," Alberta finance minister Nate Horner said. The incentives are intended to help Canada achieve a 40-45pc reduction in GHG emissions by 2030, relative to 2005 levels. This would require a reduction in GHG emissions to about 439mn t/yr, while Canada's emissions totaled 670mn in 2021, according to the government's most recent inventory. The budget also details additional plans for the Canada Growth Fund's carbon contracts for a difference, which help decarbonize hard-to-abate industries. The government plans to add off-the-shelf contracts to its current offering of bespoke one-off contracts tailored to a specific enterprise to broaden the reach and GHG reductions of the program. These contracts incentivize businesses to invest in emissions reducing program or technology, such as CCUS, through the government providing a financial backstop to a project developer. The government and developer establish a "strike price" that carbon allowances would need to reach for a return on the investment, with the government paying the difference if the market price fails to increase. CGF signed its first contract under this program last year , with Calgary-based carbon capture and sequestration company Entropy and has around $6bn remaining to issue agreements. To stretch this funding further, the Canadian government intends for Environment and Climate Change Canada to work with provincial and territorial carbon markets to improve performance and potentially send stronger price signals to spur decarbonization. By Denise Cathey Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Scotland abandons 2030 climate target to focus on 2045


18/04/24
18/04/24

Scotland abandons 2030 climate target to focus on 2045

Edinburgh, 18 April (Argus) — The Scottish government is abandoning its 2030 target to reduce greenhouse gas (GHG) emissions after the UK's Climate Change Committee (CCC) said last month Scotland would not be able to meet it, but reiterated "unwavering commitment" to its 2045 net zero goal. Scotland had an ambitious interim target to reduce GHG emissions by 75pc by 2030 from a 1990 baseline and its legally binding 2045 net zero goal date is ahead of the rest of the UK. The CCC said in March that the nation was unlikely to meet its 2030 climate goals as "continued delays" in plans and policies mean the required actions to hit targets are now "beyond what is credible". And today, Scotland's cabinet secretary for net zero Mairi McAllan said that the government "accepts the CCC's recent re-articulations" that the "2030 target is out of reach". "We must now act to chart a course to 2045 at a pace and scale that is feasible, fair and just." She said that the government will bring forward "expediting legislation" to remove the 2030 target, calling it "a minor legislative change". McAllan said climate actions are backtracking at the UK level and blamed "severe budget restrictions" by the UK government and the "constrains of devolution". Scotland is a member nation of the UK, and the Scottish parliament has some devolved powers. But energy, for example, remains a reserved matter in the UK, and decisions — including licensing, regulation and policy — are taken by the UK parliament. She said that Scotland was trying to achieve societal and economic transformation with "one hand tied behind our back". Scotland's first minister Humza Yousaf said there was no intention to "roll back" on the target to achieve net zero emissions by 2045, saying that Scotland has made faster progress than any other nation in the UK during 2019-21, but that 2030 was a "stretched" target. McAllan said annual reporting on progress will be kept but by introducing a target approach based on "five-yearly carbon budgets" — a cap on the amount of GHG emitted over a five-year period — in a similar way to the rest of the UK. Scotland missed its annual emissions-reduction target in 2021, for the eighth time in the last 12 years. The CCC's interim chair Piers Forster said today that the removal of the 2030 target was "deeply disappointing". "We are reassured that the net zero target remains in place but interim targets and plans to deliver against them are what makes any net zero commitment credible," he said. McAllan announced a series of measures that the government wants to introduce, including reducing methane emissions in farming, a Scotland-wide integrated transport ticketing system, and the quadrupling of electric car charging points. But it is unclear what will happen to Scotland's delayed climate strategy, which was due at the end of 2023. By Caroline Varin Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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