Samsung Engineering Co., Ltd. (SECL) and Carbon Clean have signed a Joint Development Agreement (JDA) to explore opportunities for Onboard Carbon Capture solutions (OCCS) projects.
Samsung Engineering Co., Ltd. (SECL) is an engineering solutions and project management company and Carbon Clean is a global player in point source carbon capture.
SECL and Carbon Clean signed the JDA at an official signing ceremony on 3 October at the 2023 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).
The signing ceremony was attended by Cheonhong Park, EVP Head of Sustainable Solution Business Division and Wonsik Cho, VP Sustainable Technology Business Team from Samsung Engineering and Aniruddha Sharma, Chair and CEO and Krishna Kumar Singhania, Chief Growth Officer from Carbon Clean.
Onboard carbon capture is expected to play a vital role in tackling emissions from shipping in the mid-term by enabling ships to capture the CO2 they emit while operating – plugging the gap while ow-carbon fuels, such as green ammonia, methanol and hydrogen, and the associated onshore infrastructure, are developed and scaled up.
The JDA will focus on optimising Carbon Clean’s breakthrough modular carbon capture technology, CycloneCC, for use onboard ships.
With equipment that is 10 times smaller than a conventional carbon capture unit and a 50 per cent smaller footprint, CycloneCC is reportedly well suited to the marine environment where space is extremely limited.
There is growing pressure to decarbonise shipping, given the enhanced emissions targets set earlier this year by the International Maritime Organization (IMO).
During the 80th Marine Environment Protection Committee (MEPC 80), the IMO has adopted a more aggressive GHG strategy, which includes a 20 per cent reduction in emissions by 2030, a 70 per cent reduction by 2040, and net-zero emissions by 2050.
According to SECL, OCCS is a key solution to cut greenhouse gas emissions from ships by capturing carbon dioxid generated during vessel operations. Through this JDA, SECL and Carbon Clean will work together to expand their OCCS business.
Hong Namkoong, President, and CEO of Samsung Engineering said: “Samsung Engineering’s expertise and experience in EPC, as well as our excellent track record in modularisation projects has led to this JDA for developing OCCS projects with Carbon Clean.
“This strategic alliance will create viable solutions for major global clients by combining the excellence of both companies and create a sustainable path for the future in this era of energy transition,” Namkoong added.
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Aniruddha Sharma, Chair and CEO of Carbon Clean said: “Accounting for 3 per cent of global CO2 emissions, decarbonising the shipping industry plays a significant role in the net zero puzzle.
“I look forward to our partnership with Samsung Engineering to offer carbon capture onboard ships.
“Carbon Clean’s breakthrough modular crbon capture technology, CycloneCC, is ideally suited for use on ships given its 10 times equipment size reduction and high performance.
“Carbon Clean is focused on delivering technology for all hard-to-abate industries, including the maritime industry, and I am looking forward to delivering real solutions to the shipping industry with Samsung Engineering as our strategic partners,” Sharma continued.
In the summer of 2023, the Council of the European Union (EU) officially approved the conclusive regulations for climate-neutral shipping, as outlined in the FuelEU maritime proposal.
More recently, Brazilian logistics operator, Vale, signed a Memorandum of Understanding (MoU) with the Port of Açu to study the development of a Mega Hub to produce hot briquetted iron (HBI) using the direct reduction route.
