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Vale and Shandong Shipping Corporation have concluded an agreement for new ethanol-powered Guaibamax vessels, which are scheduled for delivery starting in 2029. The agreement marks an unprecedented milestone for global iron ore transport: this is the first time in the maritime industry that ethanol will be used as the primary fuel on an ocean-going vessel. With the potential to reduce carbon emissions by around 90% compared to the use of heavy fuel oil, commonly used in shipping, the initiative reinforces Vale’s commitment to reducing its carbon emissions across the value chain and promoting decarbonization in the maritime sector, in line with ongoing discussions at the International Maritime Organization.

Read more at: Vale announces the world’s 1st ethanol-powered ocean-going vessel; carbon emission reduction can reach 90%  – Vale