Sustainable Maritime Transport Outlook Presented In Rome

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Eni, Fincantieri, and RINA, with support from Bain & Company Italy, unveiled a landmark study in the presence of Italy’s Minister for the Environment and Energy Security. The “Sustainable Maritime Transport Outlook” provides a comprehensive roadmap to decarbonize the maritime sector in line with the Net Zero by 2050 goal.

Key Highlights from the Study

  • Global Maritime Emissions: Maritime transport accounts for ~3% of global CO₂ emissions.

  • Goal: Achieve carbon neutrality by 2050 with clear, realistic pathways to reduce risks for stakeholders and attract investment.

  • Approach: First-ever global overview of decarbonization strategies tailored by vessel type and region, integrating fuel availability, cost, infrastructure, and shipowner impact.

Short-Term Decarbonization Solutions

  1. LNG (Liquefied Natural Gas): Lower carbon intensity but requires extensive port infrastructure.

  2. Biofuels:

    • HVO (Hydrotreated Vegetable Oil): Usable in pure form without major modifications.

    • FAME: Faces limitations when used alone.

Long-Term Solutions

  • Bio-LNG and Biomethanol: Expected to dominate future low-emission fuel mixes.

  • Synthetic Fuels & Green Hydrogen: Will gain importance in specific segments (e.g., cruise ships) as supply chains mature and costs fall.

Key Statements

  • Giuseppe Ricci (Eni): Emphasized biofuels like HVO as among the most effective immediate solutions.

  • Pierroberto Folgiero (Fincantieri): Called the report a “strategic step” and reaffirmed Fincantieri’s Net Zero Ship goal by 2035.

  • Carlo Luzzatto (RINA): Highlighted the power of cross-sector partnerships in accelerating innovation.

  • Pierluigi Serlenga (Bain & Company): Estimated €24 billion in port infrastructure investment needed across Europe by 2050 — with a strong role for Italy.

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Source: Fincantieri