Eni S.p.a. · MIL:ENI
Eni — Net Zero Forum on the decarbonization of maritime transport (April 2025)
13 slides from Eni's conference presentation, April 2025
Slide 1: Net Zero Forum on the decarbonization of the maritime transport
Net Zero Forum on the decarbonization of the maritime transport
Slide 2: First global outlook on the maritime decarbonization solutions
First global outlook on the maritime decarbonization solutions, including mix and total cost estimates for alternative fuels through 2050 detailed by region and segment, with a focus on the cruise sector Powered by
Slide 3: The maritime sector: ambitious emissions reduction targets
DRIVING SUSTAINABLE CHANGE IN THE MARITIME SECTOR The maritime sector: ambitious emissions reduction targets The global ambition ~1,1 -20% Net GtCO2e / year zero TODAY 2030 2050 International shipping annual WtW GHG emissions GHG emissions vs. 2008 GHG emissions vs. 2008 “FAST MOVERS” “FOLLOWERS” Re
Slide 4: Shipowners adapting with mature technologies and dual-fuel flexibility
DRIVING SUSTAINABLE CHANGE IN THE MARITIME SECTOR Shipowners: owners are adapting by focusing on mature and available technologies and making their fleet more flexible in anticipation of future uncertainties (dual fuel) ~90% of consumption from New ship orders increasingly favor Effort is yet not en
Slide 5: Methodology: three scenarios across seven dimensions
APPROACH Methodology: to define the fuel mix required for decarbonization, we assessed 3 different scenarios across 7 dimensions Factors analyzed by fuel type GHG reduction Technical potential sustainability Three scenarios assessed with varying degrees of: Energy Regulatory and policy density uncer
Slide 6: Solutions compared: no clear winner emerges
FUEL COMPETITION Solutions compared: no clear winner emerges; biofuels and bio-LNG are more mature alternatives; synthetics contribute significantly to achieving Net Zero FUEL MATURITY KEY POINTS GHG REDUCTION POTENTIAL Conventional HFO, MGO, MDO Conventional fossil fuel 0% Fuel LNG Transitional fos
Slide 7: Expected total cost evolution: Europe
FUEL COMPETITION EUROPE Expected "Total" Cost evolution: in the short term, biofuels and bio-LNG are more competitive; synthetic fuels to become competitive only after 2040 "Total" Cost - Europe | k$/t fuel oil 2030 2040 2050 Synthetic fuels not competitive in 2030 due Synthetic fuels catching up vs
Slide 8: Outlook on fuel mix: Europe total
FUEL MIX – TOTAL EUROPE Outlook on fuel mix: biofuel is the most attractive and resilient solution; LNG remains relevant until 2040, while a more diversified mix will be needed by 2050 Fuel mix Europe | % Estimate based on 2023 order book -80% ~50 Mtoe 2030 2040 2050 3% 6% Synthetic fuels ~35-40% Bi
Slide 9: Focus on cruise sector: higher penetration of synthetic fuels and H2
FUEL MIX – CRUISE EUROPE Focus on cruise sector: higher penetration of synthetic fuels and H₂ Fuel mix Europe – Cruise | % Estimate based on 2023 order book -80% ~4 Mtoe 2030 2040 2050 3% 4% ~10% 6% Synthetic fuels ~15-20% ~40-45% Bio-methanol ~10% Bio-LNG ~10% Bio-fuel 2G ~25% Conventional 91% ~60%
Slide 10: Port adaptation cost: $24B needed for upgrades
SYSTEM COST EUROPE Port adaptation cost: $24B needed to upgrade ports for bio-methanol/ synthetics supply; limited investment required for bio-LNG and marginal for bio-fuels Port adaptation costs at 2050 (Bn$) Bio-fuel 2G Bio-LNG Synthetic fuel In the case of HVO, such additional investments are NOT
Slide 11: Implications for the port system: new balances by 2050
PORTS AND FLEET OPERATORS IMPACTS Implications for the port system: new balances by 2050 Clear potential for Only few and larger ports, typically sitting in local industrial clusters, will likely be able to offer the full range of alternative solutions, mainly in “Multifuel Mega Hubs” Northern EU, S
Slide 12: A pact across the value chain
A “pact” across Ports: catalyze the transformation and develop a the value chain 1 flexible offer with a selective choice of 1–2 alternative fuels Fuel suppliers: adopt a customer-centric model 2 and ensure volumes, flexible supply agreements, and a reliable distribution supply chain Shipowners: def
Slide 13: Thank you
THANK YOU
Eni — Net Zero Forum on the decarbonization of maritime transport (April 2025) on 6ix