BASF and Samsung Heavy Industries (SHI) announced on 9 Sept that they will carry out a collaborative feasibility assessment of CCS onboard maritime vessels using BASF’s OASE blue technology for flue gas applications.
Towards this end, both parties signed an MoU for Onboard Carbon Capture and Storage (OCCS) technology.
The scope of the collaboration includes a marinization study as well as engineering design and construction of the carbon capture unit. BASF will support with its expertise on floating liquefied natural gas (FLNG) and with its well proven OASE blue technology contributing to sustainability by substantial energy savings compared with conventional technologies.
SHI will evaluate the feasibility of installing the gas treatment technology onboard maritime vessels. The joint effort is in line with the strategy of the International Maritime Organization (IMO) to reduce the carbon intensity of international shipping by at least 40% by 2030.
Vasilios Galanos, Senior Vice President, Intermediates Asia Pacific, BASF, said: “Leveraging our state-of-the-art OASE technology, we are pleased to expand our cooperation with SHI and support it in navigating through tightening carbon emission regulations. We will join hands with our partner to sail towards a greener future.”
“Through cooperation with BASF, Samsung Heavy Industries has developed efficient Onboard Carbon Capture system, which will help gain a competitive advantage in a low carbon shipping market,” said Youngkyu Ahn, Head of Shipbuilding Sales Engineering at Samsung Heavy Industries.
“As one of the ‘accelerators’ in BASF’s portfolio, the suite of OASE technologies is perfectly tailor made to help our customers to achieve their sustainability targets.”