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Title: Economic Analysis of Renewable Fuels for Marine Propulsion

Abstract

The current global marine fuel consumption is estimated to be around 330 million tonnes annually, and the demand is expected to be doubled by 2030 due to increased global trade. Over 90% of the world's shipped goods travel by marine cargo vessels - one of the largest contributors to emissions of SOx, NOx, and PM. To meet the growing demand and the upcoming more stringent air emission regulations, now is the time to explore alternative fuels to penetrate the marine fuel markets. Biofuels can undoubtedly play an essential role in the future marine fuel that is more renewable, and lower sulfur and emissions. Both techno-economic analysis (TEA) and life cycle analysis (LCA) are effective tools to assess the economic and environmental feasibility of various biofuel pathways, in terms of their market competitiveness and environmental benefits concerning energy savings and air emissions reductions.

Authors:
ORCiD logo [1]; ORCiD logo [1]
  1. National Renewable Energy Laboratory (NREL), Golden, CO (United States)
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
U.S. Department of Transportation (DOT), Maritime Administration (MARAD); USDOE Office of Energy Efficiency and Renewable Energy (EERE), Bioenergy Technologies Office (EE-3B)
OSTI Identifier:
1566063
Report Number(s):
NREL/TP-5100-74678
DOE Contract Number:  
AC36-08GO28308
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
09 BIOMASS FUELS; TEA; LCA; marine; biomass; syngas

Citation Formats

Tan, Eric C, and Tao, Ling. Economic Analysis of Renewable Fuels for Marine Propulsion. United States: N. p., 2019. Web. doi:10.2172/1566063.
Tan, Eric C, & Tao, Ling. Economic Analysis of Renewable Fuels for Marine Propulsion. United States. doi:10.2172/1566063.
Tan, Eric C, and Tao, Ling. Wed . "Economic Analysis of Renewable Fuels for Marine Propulsion". United States. doi:10.2172/1566063. https://www.osti.gov/servlets/purl/1566063.
@article{osti_1566063,
title = {Economic Analysis of Renewable Fuels for Marine Propulsion},
author = {Tan, Eric C and Tao, Ling},
abstractNote = {The current global marine fuel consumption is estimated to be around 330 million tonnes annually, and the demand is expected to be doubled by 2030 due to increased global trade. Over 90% of the world's shipped goods travel by marine cargo vessels - one of the largest contributors to emissions of SOx, NOx, and PM. To meet the growing demand and the upcoming more stringent air emission regulations, now is the time to explore alternative fuels to penetrate the marine fuel markets. Biofuels can undoubtedly play an essential role in the future marine fuel that is more renewable, and lower sulfur and emissions. Both techno-economic analysis (TEA) and life cycle analysis (LCA) are effective tools to assess the economic and environmental feasibility of various biofuel pathways, in terms of their market competitiveness and environmental benefits concerning energy savings and air emissions reductions.},
doi = {10.2172/1566063},
journal = {},
number = ,
volume = ,
place = {United States},
year = {2019},
month = {9}
}

Technical Report:

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