Ammonia carrier fleet growth needed to meet 2030 hydrogen demand – report
A new report commissioned by the International Chamber of Shipping (ICS) found that around 20 large ammonia carriers need to enter the global fleet every year to link green hydrogen producers with consumers.
PHOTO: Model of an ammonia bunker vessel. PaxOcean
These new carriers will help to meet transport demand for green fuels, including hydrogen converted into ammonia, and to achieve decarbonisation goals by 2030, the report says.
The report, published by the Tyndall Centre at the University of Manchester, highlights the need to scale up production of green fuels, while seeking government support “through stronger policies to de-risk green hydrogen production.”
It argues that there is a "yawning gap" between already announced hydrogen projects and what is needed to meet global climate goals.
The world needs 50-150 million mt/year of low-carbon hydrogen by 2030, but current projects will only produce 24 million mt/year by then.
The report suggests that governments across the world should introduce mandates for increasing green hydrogen production and provide assured markets and prices for producers and consumers.
“National Hydrogen strategies must include an explicit focus on supporting the transport infrastructure needed for both imports and exports. (Shipping) Industry is ready to respond but we urgently need stronger market signals and infrastructure investment to make this a reality,” ICS’s secretary general Guy Platten says.
By Shilpa Sharma
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