One of the potential applications of iron fuel is large scale maritime transport. The Maritiem Kennis Centrum took notice of the potential of iron fuel in late 2018 and initiated a techno-economic feasibility study towards iron fuel for ships. Early 2019, The Netherlands Martiem Land (NML) and the Dutch Ministry of Economic Affairs and Climate Policy honored a subsidy to start carrying out this research. The feasibility study was executed by SOLID in collaboration with Eindhoven University of Technology, Maritiem Kennis Centrum, MARIN and the Dutch Defense Academy and was reviewed by a broad spectrum of maritime companies.
The study examined the technological feasibility of using iron as a shipping fuel by studying the adjustments needed to use the fuel on existing ships. Based on the technological assessment, multiple system designs and models were formed to calculate the dimensions of future iron fuel ships. Finally, three different use cases of different ships were assessed economically. To conclude, the study indicated that iron fuel is a very interesting option to decarbonize several types of ships. The report was finished in December 2019 and published in January 2020.