The Oil and Gas Climate Initiative (OGCI) is collaborating with tanker shipping company Stena Bulk on a feasibility study to evaluate the technical and economic challenges involved when capturing CO2 onboard ships while at sea.
The project is in part an extension to OGCI member Aramco’s work that successfully demonstrated carbon capture onboard heavy-duty trucks, but also aims to provide necessary research on a solution that might help shipping reach its target to cut emissions by 50% relative to 2008 levels by 2050.
Funded by the CEO-led consortium of top oil and gas companies, OGCI, the project brings together its member companies’ expertise in carbon capture technologies, CO2 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.”