Assessment of Scalability Potential of Various Alternative Fuels
Quick Overview
The client – a large energy company wanted to compare the replacement cost of fossil fuels using clean fuel alternatives like methanol, ammonia, hydrogen and biofuels like biodiesel. The goal was to evaluate options for applications in land and marine based transport.
Client success details
With the support and insights delivered by FutureBridge, the client could compare various clean fuel options considering the marginal cost of abatement of GHG emissions and the applicable policy and regulatory benefits in the specific geography.
The key questions addressed through this engagement were:
 Green Methanol can emerge as a very attractive sustainable fuel for marine vessels; while biofuels (especially renewable diesel) along with BEV are attractive for land-based transport system. |
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The engagement comprised of a holistic approach to assessing the fuels which comprised of the following key elements:
- Fuel-wise GHG emissions using GREET model (Well-to-Gate emissions and Well-to-Wheels emissions)
- Evaluate scalability potential of alternative fuels on infrastructure and ecosystem, fuel handling (fuel toxicity and safety) and feedstock availability.
- Detailed cost model per fuel to understand CapEx, OpEx and production costs per energy unit of fuel while considering IRA tax credits.
With this engagement, FutureBridge provided recommendations on fuel choices based on scalability and evaluation parameters like lowest CO2 footprint, lowest cost of production after IRA tax credits for land transport fuels, and compliance with International Maritime Organization’s GHG strategy and SOx, NOx norms.
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