CITI ISO DATAGRO: Ethanol has strong potential for global maritime transport, says NovaBio.

In light of the global decarbonization agenda for commercial shipping, established by the International Maritime Organization (IMO), biofuels, particularly ethanol, can play a central role in the segment's energy transition journey. This was highlighted by the executive president of the Association of Sugar, Ethanol and Bioenergy Producers (NovaBio), Renato Augusto Pontes Cunha, at the CITI ISO DATAGRO event, held last Wednesday (13), in New York (USA). "Brazil has significant comparative advantages, especially in the production of biofuels, with enormous potential to, in a first stage, be added to the fuel of vessels, known as bunker." The IMO, the UN agency responsible for regulating maritime transport, has established strict mandates and ambitious targets for decarbonizing the sector, aiming to achieve net-zero emissions by 2050. "Ethanol has been well-tested and approved for use with an initial percentage of around 10% to compose the biobunker mixture," emphasizes Cunha, adding that the war in the Middle East, especially the closure of the Strait of Hormuz, shows, once again, the need to search for new energy sources – beyond fossil fuels.

This text was translated by machine from Brazilian Portuguese.