Op-Ed: Methanol, Ethanol, and Biofuels: Steering the Maritime Industry toward Energy Resilience
The maritime sector is at the crossroad of energy in a world that is becoming increasingly unpredictable geopolitically and whose global supply chains are becoming increasingly fragile. The reliance on traditional petroleum fuels which are the hitherto undisputed back bone of international trade and shipping is increasingly becoming susceptible. With the tension on strategic waterways like Strait of Hormuz and the Suez Canal intensifying, the need to have stronger fuel strategies is no longer an optional measure but a strategic necessity of maritime trade. The core of change is biofuels, such as methanol, ethanol and future generation fuels based on biomass, which promise to bring a greater level of energy security and mitigate environmental impact.
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