The U.S. Department of Energy (DOE) on Thursday (9 September) announced $64.7 million in funding for projects focused on producing cost-effective, low-carbon biofuels.
These investments will advance technologies to create replacements for petroleum fuels used in heavy-duty forms of transportation, like airplanes and ships, and accelerate America’s path to a net-zero emissions economy by 2050, according to DOE.
“Decarbonizing transportation – particularly planes and ships that are difficult to electrify – is an essential part of the path to a net-zero carbon future,” said Secretary of Energy Jennifer M. Granholm.
“These investments mobilize industries to join this effort, which will create new, good-paying jobs across the biofuels, chemical, and agricultural supply chains and boost economic activity in rural economies.”
As part of the SAF Grand Challenge, DOE also signed a memorandum of understanding with the U.S. Department of Transportation and U.S. Department of Agriculture to collaborate on the needed research, development, and demonstration (RD&D) to reach the goals of supplying at least 3 billion gallons of SAF per year by 2030 and sufficient SAF to meet 100% of aviation fuel demand – currently 35 billion gallons per year – by 2050.
These efforts seek to cut carbon emissions from the aviation and shipping industries, which – because of their size – are more challenging to electrify. Among the projects are:
Discussions around the need to develop methanol bunkering operations are taking place at numerous ports ahead of estimated demand of above 7M mtpa by 2030, says Chris Chatterton of Methanol Institute.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.