A Review of Ammonia as Alternative Marine Fuel: Swot Analysis


HAZAR C., TÖZ A. C.

GMO SHIPMAR 2021, İstanbul, Türkiye, 16 Eylül 2021

  • Yayın Türü: Bildiri / Tam Metin Bildiri
  • Basıldığı Şehir: İstanbul
  • Basıldığı Ülke: Türkiye
  • Dokuz Eylül Üniversitesi Adresli: Evet

Özet

Today, ships are still the major actor of global trade as they carry about 90% of world trade. Heavy fuel oils, which emit greenhouse gases (GHG) and account for approximately 77% of all fuel, are currently used on ships. Global targets set by international actors, especially IMO, regarding the reduction of emissions from ships, constitute an opportunity for alternative fuels. Ammonia, among green fuels, has become the focus of increasing interest from ship operators in recent years. In light of these developments, the purpose of this study is to evaluate ammonia’s competitive position in the marine fuel market. To do this, a SWOT (strengths, weaknesses, opportunities, and threats) analysis was performed for assessing the performance, competition, risk, and potential of the proposed fuel. Expert opinions and literature reviews were used to define the parameters considered. As a result, it was found that Ammonia has a great potential for future shipping as it is a carbon-free and energy-efficient fuel. However, the costs for the transformation required for new infrastructure were found to be the most important limitation. For, future studies it is recommended to perform other decision-making techniques to evaluate strategic planning criteria.