Biofuels: Shipping may struggle with the price of FAME
The two main types of biofuel — fatty acid methyl ester (FAME) and hydrotreated vegetable oil (HVO) are ‘like chalk and cheese’ and the easy days of heavy fuel oil are over
Forthcoming International Maritime Organization efficiency rules will drive more interest in biofuels, which could help bridge the gap to decarbonisation. But their price, regulation and handling difficulties mean this will not be an easy task
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