Xin Hua Cai Jing·2025-09-23 06:06Core Viewpoint - The International Maritime Organization (IMO) is set to make a historic decision in October regarding the approval of a "net zero emissions framework," which, if passed, will impose the strictest carbon emission regulations on the global shipping industry [1][2]. Group 1: Net Zero Emissions Framework - The net zero emissions framework, approved by the IMO in April, will be submitted for review in October and is expected to take effect in 2027. It combines mandatory emission limits and greenhouse gas pricing for the entire shipping sector [2][3]. - The framework includes two main components: technical emission reduction requirements based on fuel and market-based economic incentives [2]. - A greenhouse gas fuel intensity (GFI) indicator will be established, requiring ships to control their annual greenhouse gas emissions within set limits [2][3]. Group 2: Financial Implications for Shipping Companies - The framework will impose significant financial burdens on shipping companies, with McKinsey predicting an annual cost increase of approximately $20 billion for the global shipping industry by 2030 due to fuel upgrades and carbon emission costs [3]. - From 2028, ships will need to meet two emission reduction targets annually, with penalties for non-compliance [2]. Group 3: Transition to Alternative Fuels - Major shipping companies are actively pursuing green alternatives, with many setting net zero emissions targets for 2050 or earlier [7]. - The demand for alternative fuel vessels is rising, with a 78% increase in new orders for alternative fuel ships in the first half of 2025 compared to the previous year [7][8]. - Green methanol is gaining traction as a preferred alternative fuel due to its storage and transportation advantages, as well as its alignment with the net zero framework's goals [7][8]. Group 4: Green Methanol Production in China - Maersk has signed a long-term agreement with Goldwind Green Energy Chemical to procure green methanol, with plans to receive 500,000 tons annually starting in 2026 [9]. - The green methanol production process relies on renewable energy and involves multiple steps, including biomass conversion and hydrogen production [10]. - The Goldwind project in Inner Mongolia is expected to produce 250,000 tons of green methanol annually, with plans for expansion to a million-ton production capacity by 2027 [14][15].