Oslo-based TECO 2030 will work with American firm Chart Industries to enable ships to capture carbon emissions, store them on-board in liquid form which can be stored in geological formations or reused by CO2-based industries (new CCS tech)
Chart Industries, an American firm that manufactures engineering parts for renewable energy facilities and TECO 2030, a company focused on developing sustainable solutions for the maritime industry are collaborating on a CCS project to remove emissions from ships. The two companies will exploit Chart Industries’ expertise in cryogenic equipment and systems and use technology invented by Sustainable Energy Solutions to separate the carbon dioxide and store it in highly purified liquid form.
Once captured in liquid form, it will be stored on the ship in cryogenic storage tanks. Once the ship reaches port, the tanks will be offloaded and the carbon dioxide will be stored either in the form of geological formations or reused in industries that need CO2. There is a demand for carbon dioxide in a variety of sectors such as agriculture, industrial energy, food and beverage sectors.
Commenting on the collaboration, Stian Aakre, CEO of TECO, said, “When the new CO2 capture integration that we are collaborating with Chart and SES on is ready, it will enable ships to capture and store the CO2 that they would otherwise have emitted into the air, and which would thereby have contributed to climate change. At TECO 2030, our ambition is to help ships become more environmentally friendly as well as enable them to comply with emerging climate legislation. We believe carbon capture for ships will become one of several measures needed for the shipping industry to reach global decarbonization goals.”
Jill Evanko, CEO and President of Chart Industries, added, “We are excited to bring our CCS process expertise to the maritime industry with a partner like TECO 2030 that is dedicated to solving the emissions challenges facing ship-owners today. The solutions that are developed will help enable the shipping industry to reach the greenhouse gas emissions goals for 2030 and 2050 set forth by the International Maritime Organisation.”
The International Maritime Organisation has committed to reducing carbon emissions generated by the shipping industry worldwide by 40% by 2030, and by 50% in 2050. TECO 2030 is also working on technology that will enable ships to switch from fossil fuels to green hydrogen (in the form of hydrogen fuel cells), enabling the shipping industry to become emissions-free.
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