Business

Green Marine Project to develop retrofit carbon capture solutions for ships

The joint UK-EU project will develop retrofit carbon capture solutions and other technologies for ships to reduce their emissions and fuel consumption.

Published

1 year ago

May 8, 2023

Admin

A joint UK-EU project to develop retrofit carbon capture solutions and other technologies for ships to reduce their emissions and fuel consumption has got underway, according to the University of Strathclyde on Wednesday (3 May).

Although existing waterborne vessels provide the lowest contribution to the total European transport GHG (Green House Gas) emissions, international regulatory bodies such as the International Maritime Organization (IMO) aim to reduce waterborne emissions further.

The Green Marine project, led by the Cyprus Marine & Maritime Institute (CMMI, brings together 10 partners from industry and academia from all over Europe and UK, including the University of Strathclyde’s Department of Naval Architecture, Ocean and Marine Engineering, who share the vision of providing the wider maritime community with effective and efficient ways of onboard retrofitting solutions leading to the decarbonisation of the maritime industry.

The project will run until January 2027 with an EU/UK funding of almost EUR 5 million.

The Green Marine team will develop retrofitting protocols and solutions to enable the future of shipping to be energy and fuel efficient, capture the carbon it emits to deacidify our oceans and have closed air circulation systems that are virus free.

To aid the different stakeholders in their decision making, a software tool catalogue will be made that gathers knowledge on these and other solutions. The project will demonstrate these tools and the innovative solutions onboard Caledonian MacBrayne (CalMac) vessel/s.

Dr Iraklis Lazakis and Professor Evangelos Boulougouris will lead this effort from Strathclyde, contributing to all technical work packages, especially in the demonstration of retrofitting existing fleets of ships and the exploitation and dissemination activities of the project.

The project objectives are as follows:

Develop and validate retrofitting protocol tools suitable for adapting engines, flue gas carbon capture and utilisation, and integrated energy saving solutions for ships worldwide.
Develop and validate a software tool containing an up-to-date catalogue of suitable solutions for a wide variety of ship types and operation scenarios.
Tailor a (nano)particle and virus removal solution suitable for gaseous steams.
Tailor commercially available gas-gas separating membranes for CO2 and water capture.
Develop and implement a carbon capture solution based on an alkaline solution with Ca- and Mg from sea water.
Replicate project learnings to all stakeholders; Stimulate software tool use and further enrich its data; Cooperate with global marine community of ship owners, operators, shipyards and equipment providers.
Firmly position the retrofitting, software tools as a sustainable solution, offering a realistic and competitive new alternative in the Carbon Capture Utilisation and Storage (CCUS) market.

Dr Lazakis, said: “Shipping contributes a small extent to carbon emissions globally therefore if we can develop solutions that can capture these emissions, we can accelerate the climate neutrality of existing fleets.

“As part of Green Marine project, the different technologies will be tested and verified onshore first for their marine application and, based on the results, a demonstration of the technology will be performed onboard one or more CalMac vessels.

“This will take place towards the end of the project including a full process and consultation period with Classification Societies on the feasibility and risk assessment and qualification of the application of these technologies onboard the vessel/s.”

The other partners in the project are: Cyprus Marine & Maritime Institute; Smart Material Printing; Wind plus Sonne GmbH; University Polytechnic of Marche; BlueXPRT; SINTEF; PDM; CalMac Ferries Limited; and Carbon Capture Machine.

Photo credit: Venti Views on Unsplash
Published: 8 May, 2023

Winding up

Singapore: Annual general meeting set for Xihe Holdings subsidiary

Annual general meetings will be held on 23 September for Nan Chiau Maritime to receive an update on firm’s liquidation, according to Government Gazette notice.

Published

16 hours ago

September 10, 2024

Admin

A notice was published on the Government Gazette on Monday (10 September) regarding the annual general meetings to be held on 23 September for Xihe Holdings subsidiary Nan Chiau Maritime Pte Ltd.

Annual general meetings for Nan Chiau Maritime are to be held at the following times:

For the company: 2pm
For the creditors: 3pm

The agenda for all the meetings are:

To receive an update on the liquidation.
To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up.

The following are the details of the liquidator:

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

Xihe Holdings Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

Manifold Times previously reported several resolutions for the firm were passed by written means, including winding-up the company.

Manifold Times also reported directors of Nan Chiau Maritime declaring the company’s inability to continue business.

Photo credit: Jo_Johnston from Pixabay
Published: 10 September, 2024

Methanol

Methanex to acquire OCI Global international methanol business

Transaction includes OCI’s interest in two methanol facilities in Beaumont, Texas, a low-carbon methanol production and marketing business and a currently idled methanol facility in Netherlands.

Published

16 hours ago

September 10, 2024

Admin

Methanex to acquire OCI Global international methanol business

Methanex Corporation (Methanex) on Sunday (8 September) announced that it has entered into a definitive agreement to acquire OCI Global’s (OCI) international methanol business for USD 2.05 billion.

The transaction includes OCI’s interest in two world-scale methanol facilities in Beaumont, Texas, one of which also produces ammonia. The transaction also includes a low-carbon methanol production and marketing business and a currently idled methanol facility in the Netherlands.

“This is a unique opportunity to create value by acquiring two highly attractive North American methanol assets that will further strengthen our global production base and we expect it will be immediately accretive to free cash flow per share,” said Rich Sumner, President and Chief Executive Officer of Methanex.

“The Beaumont plants benefit from access to North America’s abundant and favourably-priced supply of natural gas feedstock, and are expected to increase our global methanol production by over 20 percent.”

“We believe the transaction will provide significant long-term value to Methanex shareholders while aligning with our strategic objectives of industry leadership, operational excellence, and financial resiliency,” said Mr. Sumner.

“From an operating perspective, we have a shared culture of safety and operational excellence, and we expect the OCI team will help us build new skills in ammonia while enhancing our capabilities in the evolving business of low carbon methanol production and marketing.”

Nassef Sawiris, Executive Chairman of OCI, added, “We are pleased with the opportunity to achieve a significant ownership position and are highly confident in Methanex’s ability to create enduring value for shareholders. As the global leader committed to safety and operational excellence, we identified Methanex as the natural owner of OCI Methanol at the outset of our strategic process, which we initiated in the spring of 2023.”

As part of the transaction, Methanex will acquire the following:

A methanol facility in Beaumont, Texas with an annual production capacity of 910,000 tonnes of methanol and 340,000 tonnes of ammonia. This plant was restarted in 2011 and since that time the plant has been upgraded with USD 800 million of capital for full site refurbishment and debottlenecking.
A 50 percent interest in a second methanol facility also in Beaumont, Texas, operated by the joint venture Natgasoline LLC (Natgasoline). The Natgasoline plant was commissioned in 2018 and has an annual capacity of 1.7 million tonnes of methanol, of which Methanex’s share will be 850,000 tonnes.
OCI HyFuels, which produces low-carbon methanol and sells industry-leading volumes with trading and distribution capabilities for renewable natural gas (RNG). With nine years of experience in the low-carbon methanol business and with an array of blue-chip customers, this will enhance Methanex’s existing Low Carbon Solutions function with additional expertise in this developing segment.
A methanol facility in Delfzijl, Netherlands with an annual capacity to produce 1 million tonnes of methanol. This facility is not currently in production due to unfavourable pricing for natural gas feedstock.

Closing of the transaction is expected in the first half of 2025. The transaction has been approved by the boards of directors of both companies and is subject to receipt of certain regulatory approvals and other closing conditions including TSX approval for the issuance of Methanex shares to OCI.

The transaction is also subject to approval by a simple majority of the shareholders of OCI. The largest shareholder of OCI, has signed an agreement to vote for the transaction.

Photo credit: OCI Global
Published: 10 September, 2024

Alternative Fuels

Corvus Energy gas-safe marine fuel cell system receives type approval by DNV

Firm said the system is the first Fuel Cell System designed to be inherently gas-safe, making it the safest fuel cell system in the market.

Published

16 hours ago

September 10, 2024

Admin

Corvus Energy gas-safe marine fuel cell system receives type approval by DNV

Corvus Energy, supplier of energy storage systems (ESS) for maritime applications, on Wednesday (4 September) announced that the Corvus Pelican Fuel Cell System has received Type Approval from classification society DNV.

The system, which was developed through the three-year-long H2NOR project, is the first Fuel Cell System (FCS) designed to be inherently gas-safe, making it the safest fuel cell system in the market.

Corvus Energy said receiving type approval from DNV confirmed that the Corvus Pelican Fuel Cell System meets the most stringent performance and safety standards required by the maritime industry.

Olaf Drews, Head of Engines & Pressurized Equipment Maritime, said: “It is a special fuel cell system, because the Pelican uses nitrogen for inerting of the fuel cell space.”

“It is the first fuel cell system that uses this technology and this brings it to a very preferred safety level. This is a milestone, and we look forward to the first ship project.”

Despite technology improvements and advancements in battery electric vessels, most vessels cannot achieve zero-emission operations for extended periods of time using batteries alone. For vessels on longer routes and vessels that are unable to charge often enough, we need to add clean fuel and fuel cells to enable extended zero-emission capabilities.

CEO of Corvus Energy, Fredrik Witte, said: “Toyota’s unsurpassed knowledge in developing high-quality and efficient fuel cells, in addition to the strong collaboration and high level of maritime experience among the partners in this development project, has been key.”

“This is a milestone for net zero shipping. We now have a high-quality range extender to add to our existing ESS portfolio with the scalability and the safety needed to be a real driver in the future of marine decarbonization.”

The first Corvus Pelican Fuel Cell System is produced and ready to be installed onboard MS Skulebas, a 35-meter fishing and training vessel owned by Vestland County and operated by Måløy Upper Secondary School in Norway.

The vessel already has a 1 MWh battery system onboard. By adding the Corvus Pelican Fuel Cell System and hydrogen storage, the vessel will be able to operate for four days on zero emission.

Photo credit: Corvus Energy
Published: 10 September, 2024