Environmental impact.

We believe decarbonisation of ocean transportation will happen in two stages:

Transition stage:

The existing fleet of  smaller and medium sized ships (90,000+ units) will convert from heavy fuel oil and LNG to synthetic zero-carbon fuels such as green ammonia and green methanol, produced from terrestrial or floating refinery plants powered by advanced atomic technologies like the MSR.

For synthetic fuels to be green, the entire lifecycle of those fuels need to be as close to zero emissions as possible. The ‘well-to-wake’ footprint of fuels should be almost zero.

Remember Net Zero is Not Zero.

To achieve this we require massive reliable clean energy.

Using advanced atomic energy from MSRs, we can construct floating refineries producing green hydrogen from seawater, and green ammonia by adding nitrogen from the air.

Only atomic energy can power the industrial reliability required to make this a reality.

 

Advanced future stage:

Next-generation new-building designs of the largest ships can be fully electrified by MSRs as main electric energy source onboard.

The m-MSR ‘atomic battery pack’ can power a large ship for life without refueling, with ZERO-EMISSIONS.

These new ships can be larger, faster and cheaper than current designs, and create a brand new competitive advantage for owners, charterers and ports.

The m-MSR represents the technology on which a new era for global shipping could be built.

This is a vision of a sustainable energy system for shipping which enables us to continue to develop and modernise ocean transportation, taking us deep into the future, without polluting the environment.

Cheap fuel from the bottom of the barrel at oil refineries, has propelled the motorship to a point where low costs survive while the concept of investing in expensive, quality driven solutions does not.

That era is coming to an end and we are now being asked to switch from cheap and dirty fuels, to clean and sustainable propulsion.

What matters most is a substantial reduction in emissions, carbon or not, and to make that shift economically sustainable so we can move forward, not backwards.

Sustainability accounts for the Total Life Cycle of an asset. Not just emissions and economics under operation, but also what comes before and after.

Mining, smelting, industrial production, transport, maintenance, recovery, decommissioning and recycling. A full cycle of energy consumption and resource usage, without which the ‘asset’ could not exist.

When we look at the total life cycle of the building, running and scrapping of ships, we soon realise that it takes more than just ideology and good intentions to make a meaningful impact.

The EU, the US and other jurisdictions will gradually start to impose pollution penalties, carbon taxes and emission levees on transport and industry, and when they do that, they will look at the total life cycle footprint of assets to measure how light or heavy such fines should be.

The reality is that the only viable technology which can deliver a durable combination of close-to-zero emissions, marine-level reliability, walk-away safety and competitive economics, is advanced atomic energy, best represented by the molten salt reactor.

The most effective way to make cheaper green synthetic fuels is therefore with atomic power, not ‘renewables, and especially not intermittent renewables.

With m-MSR power, floating production vessels could be positioned where fuel is needed. Making green fuels from air (Nitrogen) and water (Hydrogen) to create green ammonia (NH3) can be done in ports, substantially reducing the need for a trillion-dollar supply chain to be built around green fuels.

Floating production units could produce fuels to meet demand, and switch to production of fuels for urban transport and infrastructure when demand for green marine fuel is lower.

The impact of advanced atomic technology which enables elimination of energy poverty, without polluting our atmosphere, our land or our oceans.