SBM Offshore has signed a collaboration agreement with Mitsubishi Heavy Industries Ltd to provide a CO2 capture solution for Floating Production Storage and Offloading (FPSO) vessels while operating offshore.
SBM Offshore said in a press release that the agreement follows a successful engineering and design study between the companies that demonstrates the technical feasibility and commercial readiness of offshore CO2 capture technology.
The CO2 capture solution will apply MHI’s Advanced KM CDR Process technology, jointly developed with The Kansai Electric Power, SBM said in its release. According to the company, the technology makes it possible to reduce significant greenhouse gas emissions from FPSOs by capturing CO2 from on-board gas turbines.
It is estimated that CO2 capture technology can reduce CO2 emissions from general FPSO operations by up to 70 percent.
The solution is said to be developed as part of SBM Offshore’s emissionZERO program and in a combination of MHI’s patented CO2 capture technology and SBM Offshore’s industry-leading Fast4ward principles.
SBM noted that demand for decarbonization from FPSO operations will increase rapidly. Through this collaboration, the companies will aim to open the door to the development of offshore CO2 capture and storage, making a concrete contribution to carbon neutrality efforts, he added.
“The signing of this partnership agreement marks a key development within our emissionZERO® program, which aims to provide FPSOs with near-zero emissions. The technology, which we can now offer to customers, is an essential solution to reduce substantially the carbon footprint of our FPSOs. We are pleased to partner with MHI, a leading player whose carbon capture technology perfectly complements our leading expertise in floating energy solutions,” commented Olivier Icyk, CEO of floating production solutions from SBM Offshore.
“We are very pleased to establish a new partnership with SBM Offshore, a leading FPSO company that is essential to the energy industries. The combination of proven technologies from both companies will be an important step towards the decarbonisation of gas emissions offshore greenhouse gas from FPSOs. With this agreement, we will accelerate the offshore carbon capture business to achieve a carbon neutral society,” added Kenji Terasawa, MHI’s Managing Director and Head of Engineering Solutions .
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