Emissions reduction technology firm Value Maritime (VM) and carbon dioxide collection, transportation and storage firm Carbon Collectors on Monday (28 March) said they will together perform a conceptual design study for a new fleet of tugs to be built by Carbon Collectors.
Value Maritime will work together with Carbon Collectors to investigate the feasibility of capturing carbon onboard their new MGO-fuelled tug vessels, using VM’s technology to ultimately ensure Carbon Collectors’ fleet is carbon dioxide (CO2) neutral from the start.
Jointly, the two teams will investigate and determine:
“This is a first for us,” said Christiaan Nijst, Director and Co-Founder – Value Maritime.
“We’ve conducted many studies in relation to larger sea-going vessels but now Carbon Collectors are affording us the opportunity to apply our carbon capture expertise to tugs, extending the reach of our sustainable shipping solutions. We’re excited to see how these vessels will perform with our leading technology.”
Once the design is proven, Carbon Collectors aim to use Value Maritime’s carbon capture module to the fullest extent.
They are currently designing a custom fleet of power-efficient tugs with the construction of the first vessels scheduled to start in the first quarter of 2024.
Once operational by 2026, their MGO fuelled tugs could be effectively capturing all of their CO2 emissions onboard.
Both parties will not only review the carbon capture abilities of the vessels but jointly look into the optimal solution for safely unloading and permanently storing the CO2 underground.
“As a company aiming to speed up the reduction of CO2 emissions, we also want to make sure that our own fleet contributes by becoming carbon-neutral as fast as possible,” states Haije Stigter, Technical Director – Carbon Collectors.
“For years to come, carbon-neutral fuels will not be available in amounts that are large enough to fulfill demands, so carbon capture and storage seems the only feasible option in the short and medium term. We are excited to be able to help VM further develop their innovative technology in this field.”
Related: JR Shipping retrofits another container feeder vessel with filter and carbon capture system
Photo credit: Scott Graham on Unsplash
Published: 29 March, 2022
MPA outlines conditions with which it would allow crew to disembark or board a vessel; applications and supporting documents will need to be submitted for consideration.
"We stopped publication of website after 20 years of service due to more price sources becoming available," Managing Director tells Manifold Times.
PDS confirms after closing the positions concerned, it will realise a loss of about USD 310 million before taxes.
Meeting will be held on 9 February at 4.00 pm via video-conference and creditors who have filed a Proof of Debt will be issued the details of the meeting.
JV firm provides a diverse range of maritime services in Sri Lanka which includes bunker fuel supply arrangement, Port Agency, Husbandry, and more.
European Energy developing large-scale commercial e-Methanol production facility with hydrogen being provided by a Siemens Energy electrolyzer plant.
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
