Alternative Fuel Technology Research Team R&D division, Korean Register Contents 1 Backgrounds Strengthening GHG regulations GHG reduction measure – Alternative fuels 2 Alternative fuels – Low carbon fuels Biofuel oil pathway LNG pathway Methanol pathway 3 Alternative fuels – Zero carbon fuels Ammonia 4 Summary Strengthening GHG regulations Global(IMO) GHG regulations Indicative ch. [...] 2025 (MEPC 82) (MEPC 83) (MEPC ES) 2027 Outcome Approval Adoption Entry into force Reported Strengthening GHG regulations Local (EU) GHG regulations EU ETS Source: BBC chartering, March 2024, EU-ETS Source: Clarksons Research, March 2024, Fuelling Transition: Tracking the economic impact of emission reductions and fuel changes Year EUA cost (phase in allowance in total) Post 2040 compliant fue. [...] Planned for discussion at the PPR Expert Committee and the 30th ESPH Working Group Source: Biofuel oil pathway International standards and price of marine biofuels ISO 8217: allows up to only 7.0 v/v % FAME in Biofuel price: Biodiesel(FAME) < HVO < FT-diesel distillate (DF grades) marine fuel HVO quality unspecified in marine fuel standards (EN15940: standard. [...] 9, 2021 Source: HD HHI Methanol pathway Sustainable methanol transition Source: MAN ExpertTalk, Methanol-fueled engines 2022 Source: Stefan Mayer(MES), Developing the MAN B&W dual fuel ammonia engine, CIMAC congress paper 589, 2023 Source: Methanol Institute, 2023, Marine Methanol – Future-proof shipping fuel Maersk’s strategic partner for green methanol supply Bio-Methanol Bunkering: Maersk's 2. [...] 5, 2024, MAN B&W ammonia engine development, NETL ACT group meeting Source: www.wingd.com Summary Source: MMMC, GMF, GCMD, The shipping industry’s fuel choices on the path to net zero Appendix Providing insights as a technological partner LCO2 carrier Ammonia Methanol as a Marine Fuel (2023) Methanol Biofuel 4th Korean-Hellenic Maritime Cooperation Forum Thank you f.
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