Justin Murphy

Justin Murphy is SVP of Corporate Strategy at ADNOC L&S. His experience in Shipping and Maritime Logistics spans several decades across the Middle East, Asia, Europe, and North America. During this time, he has served as CEO of companies in the UK and Asia and as a board director of companies in the UK and Asia. Mr. Murphy has an MBA from Hull University and is a member of the Institute of Chartered Shipbrokers.

Session Overview

Wednesday, 6 November

14:00

14:00 - 15:00

Defining the value chain of future low carbon marine fuels

Despite ambitious net-zero targets set by the maritime industry, only a limited supply of alternative marine fuels is readily available on the market, whilst over 95% of projects for producing these fuels have not passed the final investment decision (FID) phase. It is projected it will take at least six years to reach FID and move to production. Which means, unless a significant number of projects materialise soon, the majority of the global shipping fleet will continue to run on heavy-emitting fuels beyond 2030. Configuring the decarbonised maritime fuel value chain of the future is a costly affair, requiring shipowners, fuel producers, governments, and financial institutions to forge innovative collaborations and develop new business models to release the bottlenecks slowing the journey to net-zero emissions by 2050.

Attendee insights:

Delve into the complexities of creating a low carbon maritime fuel value chain, as well as the collaborative strategies required to overcome cost and infrastructure challenges.