Chemical group BASF and Samsung Heavy Industries (SHI) have signed a memorandum of understanding (MoU) to carry out a collaborative feasibility assessment of capturing carbon dioxide onboard maritime vessels using BASF’s OASE blue technology for flue gas applications.
The scope of the collaboration includes a marinisation study as well as engineering design and construction of the onboard carbon capture and storage (OCCS) unit. BASF will support with its expertise on floating liquefied natural gas (FLNG) and with its 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 IMO target to reduce the carbon intensity of international shipping by at least 40% by 2030.
Vasilios Galanos, SVP 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.”
Youngkyu Ahn, SHI Head of Shipbuilding Sales Engineering, said: “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.”
Lawrence Loe, Director, OASE Gas Treating Excellence, Intermediates Asia Pacific, BASF, added: “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 knowhow and experience in both CO2 capture and motions study in offering a unique solution for OCCS.”
BASF’s accelerator products are claimed to make a substantial sustainability contribution in the value chain, thanks to BASF’s regular reassessments of its product portfolio to assess the sustainability performance of its products and identify accelerator solutions.