Ship Power Plant Decarbonisation Using Hybrid Systems and Ammonia Fuel—A Techno-Economic–Environmental Analysis
Panagiotis Karvounis, João Lucas Dozzi Dantas, Charalampos Tsoumpris, Γεράσιμος Θεοτοκάτος
Abstract
The shipping sector decarbonisation has attracted great attention due to the sector contribution to worldwide carbon emissions. This study aims at investigating the techno-economic–environmental performance of different ship power plants to identify sustainable solutions for a case study cargo ship. Four scenarios, considering conventional and hybrid power plants, the latter with installed batteries, both using marine gas oil and ammonia fuels, are analysed to estimate the pertinent lifetime key performance indicators characterising their economic and environmental performance. Additionally, taxation schemes of varying extent are considered, and a sensitivity analysis is carried out on the most uncertain input parameters, namely, fuel prices and capital cost. This study results demonstrate that the hybrid plant using ammonia exhibits the lowest environmental footprint associated with 66% carbon emission reduction, whilst increasing the lifetime cost by 40%. Taxation schemes close to 340 EUR per CO2 tonne are required to render it economically viable whilst meeting the IMO targets for 2050 on CO2 emissions reduction. The sensitivity analysis reveals that the economic parameters is highly sensitive to fuel price and the capital expenditure.