Thetius – The Maritime Alternative Fuels Barometer, 2024

The maritime industry is facing a key challenge of reducing greenhouse gas emissions and is exploring various alternative fuels such as LNG, methanol, biofuels, batteries, hydrogen, and ammonia. This report delves into the complexities and potential of these fuels, including their availability, scale, emissions reduction benefits, and regulatory hurdles. It also discusses different forms of methanol and their environmental impacts. The goal of the study is to provide a comprehensive outlook on these alternative fuels, drawing insights from industry stakeholders, to help the industry make informed decisions for a sustainable future. The report aims to bridge the gap between perception and reality regarding these fuels, highlighting the need for a critical examination of the future fuels landscape to achieve sustainability in the maritime industry.