Just a few short years ago, biofuels were an ‘outsider’s’ option spearheaded by a few environmentally-minded pioneers. However, this year should cement this new normal, as growing pressure towards sustainability pushes more stakeholders to consider immediate ways to reduce their emissions.
Numbers don’t lie – 2021 once again confirmed the maritime industry’s swelling appetite for biofuels, with another formidable growth in demand.
Companies turning to biofuels to decarbonise their activities now span all shipping segments, including dry bulk, containerships, tankers, and ro-ro operators.
The sheer numbers show that biofuels are no longer the preserve of a handful of first movers, but have gone mainstream. This is the new normal.
So far, this significant shift has mostly been driven by the industry itself. Given the urgency of the climate crisis, consumers’ demands for better, greener practices are being sounded out loud and clear – and these consumers are increasingly putting their money where their mouth is.
Responding to this market demand, industry giants have pledged to zero-carbon transport, and crucially they...
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