Alternative fuels dominate much of the discussion around reducing greenhouse gas emissions and promoting sustainability in the ocean industry. Liquefied natural gas (LNG) is currently the most widely adopted and fastest growing alternative to oil for marine vessels. LNG offers a moderate reduction in CO2 emissions and a large reduction in the emissions of harmful regulated pollutants. Further, increased market supply, decades of technological development, and expansion of distribution infrastructure have made the adoption cost—engine conversion—an increasing attractive investment for offshore operators.
This article was featured in ON&T April 2022.
