Nicole Cerulli of CleanTech Group took a closer look at the maritime e-fuels market. ZEMBA was spotlighted as a market mover working to propel the e-fuel market forward. Irigoyen explained how ZEMBA works to pool freight buyer demand to signal their demand early to give the market confidence and time to deliver longer-term contracts.
Read an excerpt below:
“ZEMBA is working to bridge this classic “valley of death” that many new markets face between research and development and the significant scaling then required to facilitate robust commercial deployment.
ZEMBA describes the challenges facing the maritime sector as a fundamental chicken-and-egg problem in developing and scaling a market for new clean energy-derived fuels and technologies. Demand is stymied by high initial predicted costs of shipping services powered by these solutions. A resulting lack of sufficient committed demand from corporate freight buyers (cargo owners) erodes investor confidence, as well as appetite for risk among maritime stakeholders who will need to order new types of vessels, build new fuel production facilities, and create supportive policy at global, regional, and national levels.”
