The Energy Technologies Institute (ETI), a public-private partnership between global energy and engineering companies and the UK Government, has started a £1.8 million ($2.49 million) project to assist financiers to understand and confidently quantify the benefits in investing in fuel efficient technologies for existing and future marine vessels.
The Vessel Technology Assessment System (VTAS) project will develop a practical approach to predict the benefit of a range of carbon abatement/fuel efficiency technologies on marine vessels over real-world usage cycles.
It will develop an assessment system which will consider retrofitting of technologies to existing vessels, as well as new build vessels.
"Maritime transport emits around 1,000 million tonnes of CO2 annually and is responsible for about 3% of global greenhouse gas emissions," says David Butler, project manager at ETI.
"Furthermore, the International Maritime Organisation states that emissions could rise by 50 to 250% by 2050 compared to 2011 levels.
"Therefore, the efficient use of fuel through the implementation of energy saving devices (ESDs) will be critical to the future affordability, security and sustainability of maritime transport.
"We hope that this project will help to tackle the market barriers that currently exist which limit the uptake of cost-effective fuel efficiency technologies.
"Combing this project with our current £10m portfolio of demonstrations in the areas of flettner rotor sails, high efficiency propulsion systems and new waste heat recovery technology, will help us reach our target of a 30% improvement in fuel efficiency for marine vessels."
The project is being led by maritime engineering, science and technology consultancy firm BMT Group in partnership with engineering, consulting and construction firm Black & Veatch.
The output from the project will also be made available at www.fuelefficientshipping.com
Published: 12 February, 2018
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