Essar Oil UK selects Mitsubishi as technology licensor for carbon capture

Essar had announced the proposed construction of the EET Industrial Carbon Capture plant at the Stanlow Refinery in November 2022. Essar Oil UK, owned by Shashi and Ravi Ruia, said it was in talks with the British government on deferring VAT payments. Essar Oil UK Limited (EOUK) said it has selected Mitsubishi Heavy Industries Ltd

Gunvor forms JV with Solvang for five carbon capture-ready VLGCs

Swiss-based commodity trading giant Gunvor has formed a joint venture with Norwegian gas shipowner to own and operate five LPG carrier newbuilds designed for onboard carbon capture. The JV has placed an order at South Korea’s Hyundai Heavy Industries with deliveries scheduled from September 2026 to July 2027. All five vessels will be on long-term

Carbon capture, new fuels, energy efficiency are path to netzero

Carbon capture, energy efficiency and green fuels are the roadmap to net zero by 2050. That’s the pathway outlined by the 2023 Outlook, Beyond the Horizon: View of the Emerging Value Chains, the latest industry-leading research from ABS into shipping’s progress on the green energy transition. Released at the ABS Sustainability Summit during London International

Canada carbon capture project struggles to get key contract

Canada is struggling to get a key tool in place for major carbon capture and storage (CCS) projects, said a representative of one of the largest such ventures, as the country seeks to launch incentives vital to cutting emissions from Alberta’s oil sands. A government fund has told the Pathways Alliance, comprised of the six

Lomarlabs collaborates with Seabound to install carbon capture device

Lomar’s new subsidiary lomarlabs is working with London-based climate tech start-up Seabound to develop cost-effective methods to capture CO2 onboard vessels. Lomarlabs works with entrepreneurs who bring deep tech solutions to the maritime industry and helps them de-risk their technologies and optimise their business models. This venture is spearheaded by former Lomar technical director Stylianos

HMM to install onboard carbon capture system

South Korean flagship HMM plans to conduct field tests this year of an onboard carbon capture system for containerships along with compatriots Samsung Heavy Industries and Panasia, a scrubber manufacturer which has latterly developed carbon capture technology. A feasibility study has already been carried out, which showed that no major reconfiguration of existing equipment is

Scientists working on new idea to capture CO2 from air

A new way of sucking carbon dioxide from the air and storing it in the sea has been outlined by scientists. They say that this novel approach captures CO2 from the atmosphere up to three times more efficiently than current methods. The warming gas can be transformed into bicarbonate of soda and stored safely and

CCUS projects ramping up across the world

The attention towards Carbon Capture Utilization and Storage (CCUS) has been increasing around the globe. But according to the International Energy Agency (IEA), the pace of CO₂ capture projects is too little and too slow. According to the agency at least the projects need to be speeded up 30 times more by 2030 to achieve

Eastern Pacific installs carbon capture solution onboard a vessel

Eastern Pacific Shipping (EPS) has announced the successful installation of Value Maritime’s Filtree system onboard its managed vessel Pacific Cobalt in Rotterdam. The Filtree system, which filters sulphur and 99% of particulate matter, includes Value Maritime’s carbon capture and storage (CCS) module that can capture up to 40% of CO2 emissions from the vessel’s main

Scientists launch less expensive carbon capture system

Scientists carve a path to profit from carbon capture by creating a system that efficiently captures CO2 and converts it into one of the world’s most widely used chemicals: methanol. The need for technology that can capture, remove and repurpose carbon dioxide grows stronger with every CO2 molecule that reaches Earth’s atmosphere. To meet that