- €40 billion needed annually for clean shipping fuels in Europe until 2050.
- Clean Maritime Fuels Platform urges EU action to scale up renewable fuel production.
- Calls for regulatory support, public funding, and investment incentives to remove barriers.
The Clean Maritime Fuels Platform represents European shipowners and fuel suppliers. It is pushing for urgent investment in a European supply chain for clean shipping fuels. With an estimated €40 billion in annual investment needed to meet climate goals, industry leaders stress the need for regulatory and financial support to make renewable and low-carbon fuels viable, reports ECSA.
Challenges in Scaling Clean Maritime Fuels
Despite growing awareness, significant barriers prevent widespread adoption of clean fuels:
- High production costs and technological risks hinder large-scale deployment.
- Mismatch between long-term pricing expectations of producers and the need for flexible contracts by users.
- Lack of incentives to support industrial-scale production and adoption.
To tackle these obstacles, the Clean Maritime Fuels Platform urges the European Commission to:
- Include clean maritime fuels in the upcoming Clean Industrial Deal.
- Use the Sustainable Transport Investment Plan (STIP) to de-risk investments.
- Allocate public financial support from EU and national ETS revenues.
- Strengthen port infrastructure for clean fuel storage and distribution.
Industry Leaders Call for Action
Sotiris Raptis, ECSA Secretary General:
“Making clean fuels available is a prerequisite for the energy transition of shipping. Unlocking public and private investments through EU and national ETS revenues is vital to bridging the immense price gap between clean and conventional fuels.”
Liana Gouta, FuelsEurope Director General:
“Shipping is the backbone of Europe’s trade and economy. Decarbonization must go hand in hand with industrial competitiveness. Europe has the opportunity to lead, but we must act now.”
Ralf Diemer, CEO of the eFuel Alliance:
“Key challenges like high production costs and lack of market incentives must be addressed through clear regulatory commitments and financial support.”
Angel Alvarez Alberdi, Secretary General of EWABA:
“The EU has a chance to lead the clean maritime transition. Promoting renewable fuels, including waste-based and advanced biodiesel, will strengthen competitiveness.”
Daniel Fraile, Chief Policy Officer of Hydrogen Europe:
“With €40 billion in annual investments needed, we urge the European Commission to include renewable fuels in the Clean Industrial Deal to secure Europe’s leadership.”
R. Tim Eestermans, Managing Director Europe, Methanol Institute:
“Europe must choose: lead the global clean energy transition or be left behind. Innovation alone won’t get us there—we need clear policies, financial certainty, and a level playing field.”
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: ECSA
