Greg Knowler of the Journal of Commerce took a closer look at the opening of ZEMBA’s second tender which had already seen strong interest from ocean carriers. He also interviewed Irigoyen about why ZEMBA chose to focus exclusively on e-fuels. Read Irigoyen’s explanation below:
ZEMBA’s decision to focus on e-fuels in the second tender was because they are “vastly scalable,” Irigoyen said, and the cost reductions would be significant compared with biofuels that faced sustainability questions, limited availability and competition from other sectors.
“The beauty of just going to market is that we don’t have to speculate,” she said. “We don’t have to speculate on pricing, we don’t have to speculate on availability and [we] will have concrete commercial offerings that meet our requirements.
“It’s not our suggestion that the entire sector must switch immediately, but by having leader buyers, leader freight forwarders, leader carriers and leader fuel producers coming together through the execution of this project, I think we can enable that future to set sail,” Irigoyen added.
