New regulations require ship owners to reduce emissions by 40% in 2030. So how can they do this? One option is developed by Kvasir Technologies. They offer a solution that converts biomass into a substitute for shipping oil from fossil fuels. The process uses a heated alcohol solvent to break down the lignin in the biomass. The alcohol solvent is recovered and can be used again. The result is a biofuel that can be used in ships without any modification to the engines. So there are no switching costs.