SPC2023 Online Roadshow: Accelerating Biofuel Adoption – through Assurance of Quality and Traceability?

Reserve your seat here! for PIER71TM Smart Port Challenge Online Roadshow on Accelerating the use of Biofuel as a marine fuel – How can we do so? Through Assurance of their Quality and Traceability?

Join our panel of supporting corporate sponsors as they share their experience, expertise and thought leadership on biofuels – a sustainable marine fuel of choice.  There will be representatives from a classification society, bunker fuel suppliers, shipping lines, ship design specialist, a research institute and more.

Innovation Opportunity

Biofuels are a promising option for the maritime sector to reduce its greenhouse gas emissions, owing to their “drop-in” characteristic: the ability to replace conventional maritime fuels without substantial modifications.
However, the adoption of biofuels faces several hurdles. Biofuels with fatty acid methyl esters content are prone to degradation, and traceability is a concern as the origin of biofuels affects their sustainability. Furthermore, there is a shortage of biofuel feedstock globally and some shipowners in Singapore are hesitant to utilize biofuels due to their higher costs and concerns over engine damage.

Challenges
Quality

  • Shelf life of biofuels are shorter as compared to diesel
  • Current solutions to address biofuel degradation and its corrosive impact on engines include using coatings on engines/pipes, additives to mitigate degradation, and lab testing of biofuel quality
  • Oily nature of biofuels requires engine filters to be changed up to three times more regularly

Traceability
Tracing biofuels from their origin to their final use is essential for sustainability assurance since carbon emission profiles of biofuels vary depending on their source

Desired Outcome
Solution spaces could include improving the quality of biofuels, cost-effective quality testing methods, digital passports for biofuels that track them along the supply chain, or ways to increase feedstock supply (e.g., community sources) and produce biofuels more cost-effectively.
Successful solutions will:

  • Have faster turnaround time to detect degradation with a cheaper, in-situ method; testing will be suitable for different onboard conditions
  • Account for and verify nature of feedstock and well to wake emissions

Market Potential
Desirability

  • To decarbonise, biofuels are the top alternative energy option for harbour crafts in the near-term
  • Ensuring quality would reduce maintenance costs as biofuel degradation corrodes engine equipment
  • Improving the traceability of biofuels would increase trust in biofuels and ensure that actual emission reductions are achieved

 

This event is an Online Roadshow. Please register to obtain your webinar link. 

Full details on the Innovation Opportunity can be found here

For more about PIER71TM: www.pier71.sg

More details on Smart Port Challenge 2023: https://pier71.sg/smart-port-challenge/

Proposal Submission by 31 July 2023, 5pm SGT to: https://pier71.typeform.com/to/bkwkN6ki

Shortlisted finalists are enrolled in a two-phase, 12-week programme.


Phase 1: Fit Check - Market Discovery and Validation

Kickstart your journey by diving deep into the heart of your market! In this phase, we'll help you answer the pivotal question: Is there a product-market fit for your solution? Validate your tech, test your assumptions, and find the perfect match for your innovation. A review will be conducted at the end of Phase 1. Only selected participants will advance to Phase 2.


Phase 2: Gap Busters - Navigating New Markets

Now, it's time to bridge the commercial gap. In this phase, you’ll partner with industry veterans who bring sharp business insights to the table. Together, you’ll navigate and conquer markets that may be uncharted territory for your startup.


Although the programme is designed for remote and overseas participants, in-person participation is required for the following events conducted in Singapore: