Shipping sector slow to adopt cleaner fuels
High costs and uncertain technologies still hinder the scalable use of cleaner fuels, in a marine market where 99% of firms still stick to traditional fuels.
The usage of alternative fuels, which includes biofuels, ammonia, hydrogen and Dimethyl Ether (DME), in global shipping is crucial to its decarbonisation journey, yet nearly 99% of the global shipping industry still rely on traditional fuels.
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