The World Future Energy Summit to focus on renewables
This year’s World Future Energy summit (WFE), held in Abu Dhabi, is to pay particular attention to renewable energy.
The summit will host 30,000 delegates between 15 and 18 January in order for the exploration of clean and efficient energies.
The host country, the UAE, has set a target to use 44% renewable energy by 2050, despite being one of the largest oil producers in the world.
It is anticipated that a majority of the green energy will be sourced by solar.
As part of its Vision 2030 plan, Saudi Arabia has announced that it aims to generate 9.5GW of renewable energy by 2030.
Etihad Energy Services Company (Eitihad ESCO), a Dubai Electricity and Water Authority (DEWA) subsidiary, along with energy efficiency program TAQATI, are to focus on energy efficiency solutions during the summit.
“By designing and developing detailed plans for building and district cooling retrofits to aid in the reduction of energy consumption, Etihad ESCO aims to support Dubai’s transformation into one of the most sustainable cities in the world,” commented Ali Al Jassim, CEO of Etihad ESCO.
“The growing focus on retrofitting initiatives in the region also demonstrates how engineering and design policies can help achieve sustainability targets and cut down operational costs.”
“These measures will be in line with the goal of reducing energy demand by 30 per cent by 2030 by increasing the use of clean energy, and implementing the UAE Green Growth Strategy to enhance sustainable development.”
Trafigura and Yara International explore clean ammonia usage
Reducing shipping emissions is a vital component of the fight against global climate change, yet Greenhouse Gas emissions from the global maritime sector are increasing - and at odds with the IMO's strategy to cut absolute emissions by at least 50% by 2050.
How more than 70,000 ships can decrease their reliance on carbon-based sources is one of transport's most pressing decarbonisation challenges.
Yara and Trafigura intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain. Under the MoU announced today, Trafigura and Yara intend to work together in the following areas:
- The supply of clean ammonia by Yara to Trafigura Group companies
- Exploration of joint R&D initiatives for clean ammonia application as a marine fuel
- Development of new clean ammonia assets including marine fuel infrastructure and market opportunities
Magnus Krogh Ankarstrand, President of Yara Clean Ammonia, said the agreement is a good example of cross-industry collaboration to develop and promote zero-emission fuel in the form of clean ammonia for the shipping industry. "Building clean ammonia value chains is critical to facilitate the transition to zero emission fuels by enabling the hydrogen economy – not least within trade and distribution where both Yara and Trafigura have leading capabilities. Demand and supply of clean ammonia need to be developed in tandem," he said.
There is a growing consensus that hydrogen-based fuels will ultimately be the shipping fuels of the future, but clear and comprehensive regulation is essential, according to Jose Maria Larocca, Executive Director and Co-Head of Oil Trading for Trafigura.
Ammonia has a number of properties that require "further investigation," according to Wartsila. "It ignites and burns poorly compared to other fuels and is toxic and corrosive, making safe handling and storage important. Burning ammonia could also lead to higher NOx emissions unless controlled either by aftertreatment or by optimising the combustion process," it notes.
Trafigura has co-sponsored the R&D of MAN Energy Solutions’ ammonia-fuelled engine for maritime vessels, has performed in-depth studies of transport fuels with reduced greenhouse gas emissions, and has published a white paper on the need for a global carbon levy for shipping fuels to be introduced by International Maritime Organization.
Oslo-based Yara produces roughly 8.5 million tonnes of ammonia annually and employs a fleet of 11 ammonia carriers, including 5 fully owned ships, and owns 18 marine ammonia terminals with 580 kt of storage capacity – enabling it to produce and deliver ammonia across the globe.
It recently established a new clean ammonia unit to capture growth opportunities in emission-free fuel for shipping and power, carbon-free fertilizer and ammonia for industrial applications.