GCMD pledges funding for green marine fuel supply chain

The Global Centre for Maritime Decarbonisation (GCMD) is leading a consortium of 18 industry partners to launch a drop-in biofuels pilot project with a combined contribution of $18M in cash. The consortium will establish an assurance framework for ensuring the supply chain integrity of current and future green marine fuels.

GCMD-led pilot aims to establish an assurance framework that ensures supply chain transparency of drop-in biofuels, whose applicability can be extended to future drop-in fuels, such as bio-LNG, bio-methanol and green ammonia, when they become available in meaningful quantities.

The vessels in this pilot are all equipped with MAN ES’s two-stroke engines.

The ship owners, charterers and operators participating in this pilot project represent approximately 2,300 vessels across the container, tanker and bulker segments, and are responsible for transporting 8.4 million TEUs or 80.6 million DWT globally.