The maritime industry faces an urgent need to reduce greenhouse gas emissions and embrace sustainable practices. DNV’s latest research explores the potential of two innovative technologies, on-board carbon capture and nuclear propulsion, to play a pivotal role in achieving decarbonization goals. The dnv source.
- DNV’s research examines the feasibility of on-board carbon capture and nuclear propulsion as potential solutions for maritime decarbonization.
- Economic assessments reveal that on-board carbon capture could be cost-effective, offering an alternative to carbon-neutral fuels.
- Nuclear propulsion shows stability in annual costs, positioning it as a competitive choice for meeting stricter greenhouse gas limits.
Path to Decarbonization
As the maritime industry seeks sustainable solutions, DNV’s research delves into the feasibility of on-board carbon capture and nuclear propulsion. This newsletter explores the potential for these technologies to bridge the gap towards meeting ambitious emission reduction targets post-2030.
Evaluating the Economic Viability
DNV’s techno-economic evaluation assesses the operational realism and lifetime costs of on-board carbon capture and nuclear propulsion for a large, modern deep-sea ship. It compares these technologies with traditional fuel strategies, shedding light on their economic performance and potential benefits.
Potential of Carbon Capture
The study reveals that on-board carbon capture could be economically viable under specific conditions, offering an alternative to carbon-neutral fuels. Understanding the key parameters affecting its economic feasibility is crucial for maritime stakeholders.
Nuclear Propulsion
DNV’s research suggests that nuclear propulsion, with stable annual costs, can compete effectively as greenhouse gas limits tighten. Overcoming regulatory, public perception, and technology challenges is essential to unlock the potential of this low-carbon technology.
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