SBM and MHI have partnered up with a shared aim to offer a carbon capture solution to Floating Production Storage and Offloading vessels (FPSO).
These companies are the perfect market for the partnership to cater to as they are producing oil and gas from offshore reservoirs and this innovative service will provide them with the ability to reduce their greenhouse gas emissions.
The CEO and Head of Engineering Solutions at MHI, Kenji Terasawa, said, “We are very pleased to establish a new partnership with SBM Offshore, a leading FPSO company that is essential to the energy industries. Combining proven technologies of both companies will be an important step towards decarbonization of offshore greenhouse gas emissions from FPSOs. With this agreement, we will accelerate the offshore carbon capture business in order to achieve a carbon neutral society.”
After extensive research and design, the partnership has developed a feasible way to achieve the capture of CO2 offshore and the process is ready now. The CO2 capture solution developed within the partnership works by applying MHI’s proprietary “Advanced KM CDR Process™” technology, developed with The Kansai Electric Power Co., Inc. The technology enables significant greenhouse gas emissions reductions from FPSOs by capturing CO2 from onboard gas turbines.
It is estimated that the CO2 capture technology is able to reduce CO2 emissions from overall FPSO operations by up to 70%. The solution is currently being developed as part of SBM Offshore’s emissionZERO® program and uses a combination of MHI’s proprietary CO2 capture technology and SBM Offshore’s Fast4ward® principles.
The demand for decarbonisation among the FPSO operations is expected to increase rapidly. Through this collaboration, the companies aim to make offshore CO2 capture and storage development accessible to FPSOs, with the added benefit of making a sustainable contribution to carbon neutrality efforts.
Olivier Icyk, Managing Director of Floating Production Solutions at SBM Offshore commented, “The signing of this Partnership Agreement marks a key development within our emissionZERO® program, whose goal is to provide FPSOs with near-zero emissions. The technology, which we are now able to offer clients, is an essential solution to substantially reduce the carbon footprint of our FPSOs. We are pleased to partner up with MHI, a top player whose carbon capture technology perfectly complements our leading experience in floating energy solutions.”