A consortium of global shipping organisations and the Oil and Gas Climate Initiative (OGCI) has received approval in principle from the American Bureau of Shipping (ABS) for a demonstration project to use carbon capture on an oil tanker.
The project aims to demonstrate the feasibility of technology aboard an MR tanker from Stena Bulk and would be one of the largest studies of its kind. Approval in principle allows the consortium to consider whether the project will move to the next stage, which includes engineering, procurement, and construction.
Michael Traver, head of the OGCI’S Transport workstream, said, “The ABS’s approval in principle is a significant step forward for an important initiative to reduce emissions from shipping and demonstrates the value of collaborating across industries to develop decarbonization solutions. As we move towards deployment, OGCI will continue to provide expertise on carbon capture to help our partners show the potential of the technology to meet ambitious decarbonization goals set by the maritime industry.”
The global shipping industry is looking at a range of solutions, including low-carbon fuels and onboard carbon capture, to help achieve a target to halve its greenhouse gas emissions by 2050 from a baseline of 2008.
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