A Carbon Capture and Storage (CCS) feasibility joint study conducted by Maritime engineering and green equipment development company, TECO 2030 ASA and AVL List GmbH (AVL) have found Carbon Capture and Storage to be technically and financially viable.
TECO 2030 will now begin a pilot development to focus on verification and optimization of the technologies test for maritime applications, it said on Wednesday (5 May).
The company noted an average capsize ship with a yearly consumption of approximately 15,000 tons of bunker fuel will emit about 45,000 tons of CO2 emissions.
These CO2 emissions can be reduced by 30-40% with TECO CCS technology onboard and have a large impact on the ship’s Energy Efficiency Index (EEXI) and Carbon Intensity Index (CII), it believes.
“The carbon capture and storage is very attractive for shipowners who seek to future proof their vessels to meet decarbonization plans and strategies. According to Clarksons Research Portal, the CCS technology will be beneficial to over 80,000 vessels globally, and the CO2 emission reduction possibilities onboard are endless,” says Tore Enger, CEO of TECO 2030 ASA.
Related: TECO 2030 to establish large-scale production of fuel cells for hydrogen-powered ships
Related: TECO 2030 inks second partnership with AVL to develop hydrogen fuel cells for maritime
Photo credit: TECO 2030
Published: 11 May, 2021
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