Titan’s mission is to decarbonize shipping by supplying Liquefied Biomethane (LBM) – also known as Liquefied Biogas (LBG) or BioLNG – and other carbon neutral fuels such as hydrogen-derived methane – also known as eLNG or renewable synthetic LNG.
In the future, Titan will also deliver additional carbon neutral fuels that prove safe, scalable, and commercially viable. It is anticipated that this will take at least 5-10 years for green methanol and green ammonia.
Titan’s fuels have the potential to reduce direct GHG emissions by more than 100%, making them suitable to deliver on ambitious reduction targets. Their ‘drop-in’ ability for LNG-suited assets enables any blending percentage from 1% -100%, allowing for a gradual and flexible transition.
The European Union’s Emissions Trading System (EU ETS) will incorporate commercial shipping. The industry’s inclusion within the world’s largest carbon market will have a profound impact on maritime operations.
The new regulations pose key commercial challenges to shipping companies. However, there are significant opportunities for those who have a clear strategy in place.
The emissions and cost reductions of low and zero carbon fuels, can be the difference between a company attaining or maintaining competitive advantage or not.
Click below for our whitepaper on appropriate fuel strategies for navigating the EU ETS.
Liquefied biomethane (LBM) is also referred to as bioLNG or liquefied biogas (LBG).
This readily available ‘drop-in’ fuel can reduce your direct GHG emissions by more than 100%. It is produced from biobased feedstock such as municipal organic waste, agricultural residues, or manure. Titan offers ISCC-certified LBM only, which means that it never competes with food production chains and gives our customers the most comfort available today on trackability.
Hydrogen-derived methane is also referred to as eLNG or renewable synthetic LNG and prolongs the pathway of dual-fuelled vessels going forward into a decarbonised era.
Hydrogen-derived methane is made from hydrogen produced from (renewable) electricity combined with CO2. When combined with CO2 capturing technologies, this fuel has a great GHG reduction potential, especially when the CO2 is originating from biogenic sources.
Titan offers various carbon emissions offset products and certificates to achieve net GHG reduction targets and comply with legislation regarding emissions from our customer on shore and at sea. These certificates and credits could offset (part of) the emissions from activities using (fossil) fuels.
In July 2021, the European Commission presented its ‘Fit for 55’ package containing a variety of policy proposals that may have a serious impact on the shipping industry. The package will impact shipping activities and urge a shift to cleaner practices by introducing or amending the following regulations and directives: EU ETS, REDII, and FuelEU. Although the package is not ratified by the member states and its content will change, it is clear that it will change the “playing field” in favour of lower carbon fuels including LNG.
Titan’s renewable fuels are fully ISCC-certified and compliant to the most stringent climate legislation, including RED-II, EU ETS, and FuelEU Maritime.
Furthermore, Titan’s climate offset and certificates offering also helps to comply to a variety of national and EU-wide regulations.
It is already possible to compensate GHG emissions by covering (part of) the intake of natural gas by green gas certificates.
Examples of these certificates are Renewable Gas Guarantees of Origin (RGGOs), issued by the Green Gas Certificate Scheme (GGCS), and Biomethane Certificates (BMCs), issued by the Biomethane Certificate Scheme (BMCS). Titan offers both.
Titan offers EU Allowances (EUAs) to cover activities for customers participating in the EU Emission Trading System (ETS).
The EU ETS will have a significant impact on the costs of using fuels such as MGO, VLSFO or Heavy Fuel Oil. LNG is treated favourable in the ETS proposal. We can advise to start devising your decarbonization and carbon compliance strategy now.
Titan offers voluntary carbon credits from accredited standards such as Gold Standard and Verra.
For our customers, we offer special blue carbon credits gained from investing in the restoration of carbon capturing mangroves.
Green hydrogen is produced when the energy used to power electrolysis comes from renewable sources like wind, water or solar. Titan has no ambition to become involved in the delivery of blue hydrogen, only green hydrogen.
Green ammonia is produced by combining nitrogen from the air with green hydrogen, which is produced using renewable electricity-powered electrolyzers that split water into hydrogen and oxygen. Titan has no ambition to become involved in the distribution of blue ammonia, only green ammonia.
Green methanol is a low-carbon fuel that can be made from either biomass gasification or renewable electricity and captured carbon dioxide (CO2). Titan has no ambitions to become involved in the distribution of blue methanol, only green methanol.
As a result of our decarbonization strategy, Titan is involved in various green projects, primarily focusing on the production of liquefied bio methane (LBM) and hydrogen-derived methane (or eLNG). The production of these fuels is totally different from conventional LNG production, hence new models and modus operandi will be established which hold new challenges and opportunities.
Titan actively seeks to support the development of sufficient and scalable production capacity, by collaborating with biogas and hydrogen producers and by investing in new plants. Titan targets a 50% LBM/hydrogen-derived methane blend in 2030 and fully decarbonized fuel offering by 2040.
In 2020, Titan received a €11m subsidy from the EU for the construction of three additional LBM bunker barges (Bio2Bunker Project) to support the LBM supply chain.
