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Gibson Tanker Market Report

Onboard CO2 Capture
 
Carbon capture and storage (CCS) is not a novel concept. Many of the early facilities were developed to be a direct source capture from power generation or gas processing plants with CO2 storage sites nearby (with first operations dating back to 1972!). There are currently over 20 commercial carbon capture and storage facilities worldwide, whilst many oil and gas companies are looking into developing new projects. Carbon capture is starting to make inroads in the shipping industry as well.  Proposals related to onboard carbon capture were discussed during the IMO Marine Environment Protection Committee (MEPC) held in December 22 and will be further considered at MEPC 80 in July 23. The US government has also expressed a degree of support for the technology. In its ‘US National Blueprint for Transport Decarbonization', onboard carbon capture systems are listed among 'promising fuels and technologies' for the industry.



The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

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