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Methanol-powered passenger ships face significantly higher total ownership costs compared to traditional fossil fuels or carbon capture solutions, primarily due to expensive bunkering prices. Consequently, shipowners currently find less environmentally friendly grey methanol more commercially attractive than low-carbon alternatives, despite the latter’s potential for reducing emissions. Technical feasibility for methanol is well-established, evidenced by successful retrofits and a growing global orderbook. However, widespread adoption hinges on overcoming economic barriers rather than technical limitations. The study emphasizes that infrastructure and production investments are critical to making green methanol competitive. This analysis is vital for open data efforts as it highlights the economic disparities driving the maritime energy transition. Transparent data on fuel costs, infrastructure gaps, and emission reductions enables stakeholders to identify where policy interventions and technological innovations are most needed. Such insights support evidence-based decisions for sustainable shipping regulations and investment priorities.

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Published on 2024-03-13

Open Data

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