The partners in the group are undertaking a multi-month study to explore five different areas around carbon capture: technology, regulation, operational parameters, financial impacts, and infrastructure.
The collaborative project brings together ABS, Diana Shipping Services, Equinor, GasLog LNG Services, Maran Gas Maritime, Minerva Gas, Neptune Lines Shipping and Managing Enterprises, the Norwegian Maritime Authority (NMA), Prime Tanker Management, Solvang, Springfield Shipping Co. Panama, Thenamaris (Ships Management), and Wärtsilä Moss.
Kostas Karathanos, COO of GasLog, said: “In the absence of abundant and affordable carbon-free fuels, carbon capture and storage (CCS) technology is increasingly gaining interest as a reasonable step towards shipping decarbonization. We are proud to be able to collaborate with industry leaders to materialize the adoption of this technology at sea.”
Panos Koutsourakis, ABS Vice President, Global Sustainability, said: “Carbon capture has the potential to be a key transformational technology for shipping to achieve net-zero emissions by 2050. The collective expertise and resources of the partners will play a key role in overcoming the technical, regulatory, and economic challenges associated with this innovative approach to emissions reduction.”
