Scorpio Tankers Inc. announces that the Company has entered into a Memorandum of Understanding with Carbon Ridge LLC to collaborate on the development of onboard carbon capture for maritime vessels. Carbon Ridge is a US-based startup working to commercialize existing gas separation technology without the need for large structural modifications. The Agreement addresses the collaboration for detailed front-end engineering, design, and validation process with a small-scale test unit onboard one of the Company’s vessels.
Emanuele A. Lauro, Chairman and Chief Executive Officer of Scorpio Tankers, commented, “We are pleased to partner with Carbon Ridge and assist in their efforts to reduce the carbon footprint of maritime transportation. In light of the myriad questions regarding alternative fuels, we feel that onboard carbon capture presents a viable path to decarbonization for large segments of our industry.”
Chase Dwyer, Chief Executive Officer of Carbon Ridge, added, “With a recent push towards well-to-wake accounting for emissions, truly low-carbon alternative fuels will be in limited supply for the foreseeable future. We believe carbon capture will provide the most cost-effective solution to meet IMO decarbonization targets for the benefit of all stakeholders. We value Scorpio Tankers as our anchor customer and look to their decades-long operational and technical experience to strengthen our product offerings.”
Source: https://www.scorpiotankers.com/
Tags: Carbon Capture Technology, Carbon Ridge, Maritime Vessels, Scorpio Tankers
Recent Posts
India gets major push with first multi-purpose Green Hydrogen project
Carbon Clean starts CCS module construction
All American delivers hydrofoil-assisted tour vessel
Safe Bulkers continues fleet renewal with eco-friendly Kamsarmax
Solution developed to convert paper sludge, food and textile waste into bioethanol
V.Ships seals shipmanagement deal for X-Press Feeders
G7 countries task IRENA to monitor Group’s renewable energy progress
Kongsberg Maritime hybrid technology to optimise energy use and cut emissions