Tuesday 20 October 2020

Oil and gas giants team up with Stena Bulk on shipping carbon capture

Oil and gas giants team up with Stena Bulk on shipping carbon capture

The Oil and Gas Climate Initiative (OGCI) is collaborating with Stena Bulk to assess the feasibility of mobile carbon capture in shipping.

The voluntary initiative led by global oil and gas giants will work with the tanker shipping company on a study to evaluate the technical and economic challenges involved when capturing carbon dioxide on board ships while at sea.

The project also aims to provide necessary research on a solution that might help the shipping industry reach its target of reducing emissions by 50% compared to 2008 levels by 2050.

It brings together OGCI member companies' expertise in carbon capture technologies, carbon dioxide handling and relevant infrastructure with Stena Bulk's shipping, trading and naval engineering knowledge and experience.

Michael Traver, Head of the Transport Workstream at OGCI said: “Carbon capture will play an important role in reducing overall greenhouse gas emissions but there's no reason it needs to be limited to stationary applications.

“Expanding carbon capture to long-distance marine shipping could help accelerate its use, while addressing a difficult to abate sector of the transport industry.”

Erik Hånell, President and CEO of Stena Bulk added: “It’s increasingly evident that we need to evaluate as many potential solutions as possible that might help decarbonise the industry.

"Carbon capture might be such a solution with the potential to play a key role in this transition and this feasibility study presents a unique opportunity for us to work with some of our key customers to understand and assess the technical and economic challenges involved in making carbon capture work onboard vessels.”

Written by

Bruna Pinhoni

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