Greener energy for ocean transportation

This report aims to study the feasibility of alternative marine fuels. With the increasing focus on environmental sustainability, the maritime industry is not spared as well. As part of the efforts of the industry to achieve decarbonization, an option would be to switch to greener alternative fuels...

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Main Author: Neo, Hui Yi
Other Authors: Lum Kit Meng
Format: Final Year Project
Language:English
Published: Nanyang Technological University 2021
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Online Access:https://hdl.handle.net/10356/149816
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-1498162021-05-20T01:53:18Z Greener energy for ocean transportation Neo, Hui Yi Lum Kit Meng School of Civil and Environmental Engineering CKMLUM@ntu.edu.sg Engineering::Maritime studies This report aims to study the feasibility of alternative marine fuels. With the increasing focus on environmental sustainability, the maritime industry is not spared as well. As part of the efforts of the industry to achieve decarbonization, an option would be to switch to greener alternative fuels for ocean transportation. Three fuels - LNG, biofuels and hydrogen, would be considered in this study. We would compare its ability in the extent of emissions reduction, economical, technological and regulatory factors, with that of the conventional heavy fuel oils (HFOs), in the form of literature review. Primary research – survey questionnaire and interviews, would be carried out to gather opinions of industry players regarding the decarbonization efforts. Both the primary and secondary research would then be further compared and analysed before. A final evaluation would be given on the possibility of hydrogen being adopted as the new marine fuel, as compared to the other two fuels. This study would then be concluded with an overview of the maritime industry’s efforts in decarbonization. From our findings, we conclude that there remain multiple obstacles before alternative greener fuels could be adopted. The key factors are mainly regulatory frameworks and prices of these fuels. Only with a unified effort globally and cooperation from various stakeholders along the supply chain, would the adoption become commercially available and feasible. Nonetheless, there is also room for more research and development for these fuels to ensure that they become competitively efficient as compared to the conventional Heavy Fuel Oils (HFOs). Taking various factors into consideration, we believe that the adoption of these fuels is feasible. LNG, biofuels and hydrogen are feasible in the short-term, mid-term and long-term respectively. Bachelor of Science (Maritime Studies) 2021-05-20T01:53:18Z 2021-05-20T01:53:18Z 2021 Final Year Project (FYP) Neo, H. Y. (2021). Greener energy for ocean transportation. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/149816 https://hdl.handle.net/10356/149816 en application/pdf Nanyang Technological University
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic Engineering::Maritime studies
spellingShingle Engineering::Maritime studies
Neo, Hui Yi
Greener energy for ocean transportation
description This report aims to study the feasibility of alternative marine fuels. With the increasing focus on environmental sustainability, the maritime industry is not spared as well. As part of the efforts of the industry to achieve decarbonization, an option would be to switch to greener alternative fuels for ocean transportation. Three fuels - LNG, biofuels and hydrogen, would be considered in this study. We would compare its ability in the extent of emissions reduction, economical, technological and regulatory factors, with that of the conventional heavy fuel oils (HFOs), in the form of literature review. Primary research – survey questionnaire and interviews, would be carried out to gather opinions of industry players regarding the decarbonization efforts. Both the primary and secondary research would then be further compared and analysed before. A final evaluation would be given on the possibility of hydrogen being adopted as the new marine fuel, as compared to the other two fuels. This study would then be concluded with an overview of the maritime industry’s efforts in decarbonization. From our findings, we conclude that there remain multiple obstacles before alternative greener fuels could be adopted. The key factors are mainly regulatory frameworks and prices of these fuels. Only with a unified effort globally and cooperation from various stakeholders along the supply chain, would the adoption become commercially available and feasible. Nonetheless, there is also room for more research and development for these fuels to ensure that they become competitively efficient as compared to the conventional Heavy Fuel Oils (HFOs). Taking various factors into consideration, we believe that the adoption of these fuels is feasible. LNG, biofuels and hydrogen are feasible in the short-term, mid-term and long-term respectively.
author2 Lum Kit Meng
author_facet Lum Kit Meng
Neo, Hui Yi
format Final Year Project
author Neo, Hui Yi
author_sort Neo, Hui Yi
title Greener energy for ocean transportation
title_short Greener energy for ocean transportation
title_full Greener energy for ocean transportation
title_fullStr Greener energy for ocean transportation
title_full_unstemmed Greener energy for ocean transportation
title_sort greener energy for ocean transportation
publisher Nanyang Technological University
publishDate 2021
url https://hdl.handle.net/10356/149816
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