ETFuels: Charting The Course

As FuelEU Maritime regulations come into full force this year, Lara Naqushbandi, CEO of e-fuels developer ETFuels, looks at what the industry needs to know, and how best to prepare [caption id="attachment_59436" align="alignright" width="200"] Lara Naqushbandi, CEO of ETFuels[/caption] FuelEU Maritime has come into effect this year, yet few in the marine industry have really thought through the implications it is going to have on the shipping industry. As one of the earliest e-fuels developers to look at the space, with a portfolio of e-methanol projects under development in the US and Europe, ETFuels has spent the last three years immersed in the e-fuels value chain. This has included deep discussions with customers and regulators, in order to see how this new regulation is going to impact the supply demand dynamics of the e-fuels market as well as the supporting infrastructure required to enable them. The conclusion? The industry is fundamentally underestimating the scale of the shift that will occur as this new e-fuel comes to market, with shipping companies needing e-fuels at scale in order to avoid heavy compliance penalties. In turn, this will of course have significant...