DNV says FAME and HVO have great potential for marine but supplies contained

In Norway, according to DNV’s latest white paper “Biofuels in Shipping”, key biofuels like FAME and HVO have great potential for reducing greenhouse gas (GHG) emissions and supporting compliance with maritime regulations, but their benefits to the industry could be constrained by limited supply in the future. With biofuel use expected to increase, the paper also highlights the importance of its safe introduction, outlining critical operational and technical considerations.

Drawing on in-depth interviews and written surveys of eight biofuel suppliers and 12 shipping companies, the paper identified more than 60 locations which have already been proven to have carried out biofuel bunkering operations since 2015. The report estimates that the ports of Singapore and Rotterdam accounted for about half of all biofuels supply to shipping in 2023.