Ecochlor, serving as the global sales representation for Sinotech, has negotiated the collaboration with Diana Shipping, which includes the intended installation of a Sinotech scrubber and CCS system onboard one of Diana Shipping’s capesize dry bulk carriers, the ‘G.P. Zafirakis‘.
This system is designed to capture 25% of the CO2 emitted within the exhaust gas and temporarily storing it onboard in liquid form (LCO2). Sinotech will provide the expertise for a full feasibility study, engineering and overall turn-key package for the installation, crew training, and full support towards type approval certification of the installed system by the vessel’s administration. Sinotech will handle the offloading and disposal of the captured CO2 in China. The installation is intended to take place at a Chinese shipyard, most likely in the Zhoushan province.
The LOI expresses the intention of the parties to explore potential business opportunities and lay the groundwork for future cooperation on matters beyond this initial scrubber and CCS system installation.
The CO2 captured by the Sinotech CCS system will contribute to Diana Shipping’s mission to actively participate in the evolution of the sustainable shipping transition.
Evangelos Sfakiotakis, COO Diana Shipping, said: “Our ambition is to be a catalyst for positive change in the maritime industry. We endorse IMO’s Initial GHG Strategy on the reduction of GHG emissions and we are working towards reducing our carbon footprint”.
Phil Gao, Vice GM Sinotech, added: “We are delighted to collaborate with Diana Shipping, a key player in the industry’s transition to a more sustainable future. At the same time, our company commits to the continued research, development, and innovation of green and zero-carbon technology.”
In early 2022, Sinotech received Approval in Principal (AiP) for marine CCS products from Lloyd’s Register (LR), Nippon Kaiji Kyokai (Class NK), and Bureau Veritas (BV). Using experience in land-based CCS data and optimisations, Sinotech considers it is in a position today to showcase the very low energy input required to achieve the recommended onboard CO2 capture rates.
Andrew Marshall, Ecochlor CEO said: “We are excited to work with Sinotech and Diana Shipping, and we believe that this cooperation will further our mutual interests towards reducing the carbon footprint in shipping. Ecochlor is committed to supporting the industry’s decarbonisation efforts by providing economically viable and effective solutions to shipowners.”
The LOI marks a milestone in improving maritime sustainability, and Ecochlor, Sinotech, and Diana Shipping are proud to join forces and play a leading role in this endeavour.
