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DNV Maritime CEO: Ammonia and methanol will first be widely available in the next decade

DNV believes that the timeline before ammonia and methanol are widely available will be rather long and could reach into the next decade, says CEO of DNV Maritime in an interview with ShippingWatch.

"The timeline before ammonia and methanol are largely available, will probably take us quite a bit into next decade," says DNV Maritime CEO Knut Ørbeck-Nilssen to ShippingWatch. | Photo: PR / DNV GL

Classification bureau DNV does not think that ammonia and methanol will play a significant role in the transition to greener fuels in this decade, as the alternative fuels are not quite ready yet.

"The technologies and supply options around both ammonia and methanol are relatively immature compared to LNG. And for the industry, it is really important to start moving, and even a 20 to 25 percent reduction in CO2 emissions is important," says DNV's CEO of Maritime, Knut Ørbeck-Nilssen, in an interview with ShippingWatch.

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