Fujairah considers renewables and LNG as shipping industry aims to cut carbon footprint
The Port of Fujairah and Fujairah Oil Industry Zone are about to study what kind of role Fujairah can play in renewables, such as ammonia and hydrogen, as the UAE seeks to become a leader in clean fuels.
Storage, trading or even production are possibilities, said Martijn Heijboer, the port’s business development manager.
Fujairah is also “very much focused on LNG,” and is carefully studying and evaluating opportunities there, he added. Fujairah Oil Industry Zone is the authority that manages the land used for tanks and refining in the UAE emirate, which has a strategic location outside the Strait of Hormuz.
The shipping industry is looking to curb its carbon footprint through the use of its fuels, including LNG, ammonia and biofuels, after a fairly successful transition to the International Marine Organisation’s global sulphur limit mandate that took effect in January 2020.
The UAE’s Abu Dhabi National Oil Co said it is exploring opportunities to work with South Korea’s GS Energy on blue hydrogen and carrier fuel export such as blue ammonia. It didn’t specify the use of carrier fuel export.
In April 2018, the IMO laid out its strategy on greenhouse gas emissions, aiming to cut the shipping industry’s total GHG emissions by at least 50 percent from 2008 levels by 2050, and reduce CO2 emissions per transport work by at least 40 percent by 2030.
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29th March 2021