Many shipping companies see e-methanol - made from hydrogen and carbon dioxide - as the most promising future clean fuel. But it appears they do not want to buy it: energy company Ørsted canceled plans for an e-methanol production facility due to a lack of offtake agreements. A weakened EU regulation has likely contributed to the difficulty of selling green shipping fuels.
Is it because it wasn’t cheaper?
I bet it’s because it wasn’t cheaper.
Basically yes:
But lets not forget the lobbying against any sort of regulation on it like forcing a quota on renewable fuel sources.
they support it in principle… what the hell does that mean? They like the idea of it but cannot actually support it? Or just they want to sound like they support it when really they don’t. Either way the proposals were watered down and delayed: