BASF and Samsung Heavy Industries (SHI) have announced plans for a collaboration for the implementation of onboard carbon capture and storage (OCCS) technology on maritime vessels.
They have signed a memorandum of understanding to carry out a collaborative feasibility assessment of capturing carbon onboard using BASF’s OASE® blue technology for flue gas applications as well as engineering design and construction of the carbon capture unit.
BASF will provide its expertise on floating liquefied natural gas (FLNG) and its proven OASE blue technology, which is expected to contribute to “substantial” energy savings compared with conventional technologies, while SHI will evaluate the feasibility of installing the gas treatment technology onboard maritime vessels.
The joint effort supports the strategy of the International Maritime Organisation (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 co-operation 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.”