A carbon market assessment of the Fischer-Tropsch Diesel in the European Maritime Sector

The reduction of carbon emissions resulting from the maritime sector has become one of the main targets of the European Union. This paper's goals are twofold: first, we calculate the amount of CO(2)eq emissions that can be reduced due to the use of the Fischer-Tropsch Diesel; second, we assess the potential amount of the carbon savings that could, consequently, be commercialized in the market. The well-to-tank methodology is used to assess the carbon footprint of the process, namely, through Bio FT-Diesel production from biomass residues of wheat, barley, and maize crops. The study relies on evidence from 9 countries (France, Germany, Spain, United Kingdom, Hungary, Romania, Poland, Lithuania, Bulgaria) that could potentially produce 4.90 million tons of biofuels, accounting for 260 million euros, a value that can be perceived as a decarbonization mechanism incentive in the carbon market.