- Supporting International Maritime Organization’s target to reduce carbon intensity of international shipping by at least 40% by 2030
- BASF’s OASE® blue technology contributing to sustainability and cost savings for CO2 capture in flue gas application
- Samsung Heavy Industry to evaluate feasibility of installing the gas treatment technology onboard maritime vessels
Hong Kong SAR, China and Seoul, Korea – September 9, 2022 – BASF and Samsung Heavy Industries Co., Ltd. (SHI) will carry out a collaborative feasibility assessment of capturing CO2 onboard maritime vessels using BASF’s OASE® blue technology for flue gas applications. Towards this end, both parties signed a Memorandum of Understanding for Onboard Carbon Capture and Storage (OCCS) technology at the trade show Gastech 2022 in Milan, Italy.
The scope of the collaboration includes a marinization study as well as engineering design and construction of the carbon capture unit. BASF will support with its expertise on floating liquefied natural gas (FLNG) and with its well proven OASE blue technology contributing to sustainability by substantial energy savings compared with conventional technologies. SHI will evaluate the feasibility of installing the gas treatment technology onboard maritime vessels. The joint effort is in line with the strategy of the International Maritime Organization (IMO) to reduce the carbon intensity of international shipping by at least 40% by 2030.
Vasilios Galanos, Senior Vice President, Intermediates Asia Pacific, BASF, said, “Leveraging our state-of-the-art OASE technology, we are pleased to expand our cooperation with SHI and support it in navigating through tightening carbon emission regulations. We will join hands with our partner to sail towards a greener future.”
“Through cooperation with BASF, Samsung Heavy Industries has developed efficient Onboard Carbon Capture system, which will help gain a competitive advantage in a low carbon shipping market,” said Youngkyu Ahn, Head of Shipbuilding Sales Engineering at Samsung Heavy Industries.
“As one of the ‘accelerators’ in BASF’s portfolio, the suite of OASE technologies is perfectly tailor made to help our customers to achieve their sustainability targets. In this particular case, we have combined our know how and experience in both CO2 capture and motions study in offering a unique solution for OCCS,” added Lawrence Loe, Director, OASE® Gas Treating Excellence, Intermediates Asia Pacific, BASF. BASF’s accelerator products make a substantial sustainability contribution in the value chain. To assess the sustainability performance of its products and identify accelerator solutions, BASF conducts regular reassessments of its product portfolio.
Taking place in Milan, Italy from September 5-8, 2022, Gastech is the world’s largest global exhibition and conference for technologies related to natural gas, liquefied natural gas, hydrogen, low carbon solutions and climate.
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.
Latest Shipping News You Would Like:
Get the Latest Maritime News Delivered to Your Inbox!
Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.