Biodiesel Becomes Cheaper Than Conventional Shipping Fuel, Accelerating Decarbonization Shift
Biodiesel for shipping has fallen to a record low price, now cheaper than conventional marine fuel for the first time due to oversupply
Key points
- Biodiesel for shipping has fallen to a record low price, now cheaper than conventional marine fuel for the first time
- Shipping companies racing to meet IMO emissions targets are adding to biodiesel demand, but supply has outpaced uptake and pushed
- The price reversal could accelerate the industry’s shift to greener fuels, but long-term contract frameworks and fuel availability will determine
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