Chart Industries and TECO 2030 have joined forces to develop technological solutions to capture carbon dioxide (CO2) emitted by ships and subsequently store it in liquid form.
Formalising the agreement today (June 14), the duo said the technology will utilise Chart’s expertise in cryogenic equipment and systems, along with Sustainable Energy Solutions’ technology, to separate the emitted CO2, resulting in a high purity liquid CO2 product.
The liquid CO2 will be stored onboard in cryogenic storage tanks until the ship reaches port.
When it has been offloaded from the ship, the CO2 can then either be permanently stored in geological formations underground or be put to beneficial use in CO2-consuming industries, such as the agricultural, industrial, energy, or food and beverage sectors.
Commenting on the collaboration, Stian Aakre, CEO of TECO, said, “When the new CO2 capture integration that we are collaborating with Chart and SES on is ready, it will enable ships to capture and store the CO2 that they would otherwise have emitted into the air, and which would thereby have contributed to climate change.”
When fully developed, the carbon capture solution will become available as a key element in the TECO 2030 Future Funnel, an exhaust gas cleaning system for ships developed by TECO 2030.
“At TECO 2030, our ambition is to help ships become more environmentally friendly as well as enable them to comply with emerging climate legislation,” Aakre continued. “We believe carbon capture for ships will become one of several measures needed for the shipping industry to reach global decarbonisation goals.”
Jill Evanko, CEO and President of Chart Industries, added, “We are excited to bring our carbon capture process expertise to the maritime industry with a partner like TECO 2030 that is dedicated to solving the emissions challenges facing ship-owners today.
“The solutions that are developed will help enable the shipping industry to reach the greenhouse gas emissions goals for 2030 and 2050 set forth by the International Maritime Organisation.”
Decarbonising the maritime industry
The International Maritime Organisation (IMO) aims to reduce carbon intensity in international shipping by 40% by 2030, and to cut the total annual greenhouse gas emissions from international shipping by at least 50% by 2050 compared to 2008.
To enable such transition to happen, Ship-owners across the world will have to do something to make their vessels more climate-friendly, and TECO 2030 will help them with that.
Alongside carbon capture technologies, TECO 2030 is also developing hydrogen fuel cells for the maritime industry. These will enable ships to switch from fossil fuels to green hydrogen – which is hydrogen produced by renewable energy – and thereby become completely emissions-free.