UK-based Carbon Clean, a leading provider of point source carbon capture solutions, has announced it will explore onboard carbon capture opportunities for its CycloneCC technology under a joint development agreement (JDA) with Korea’s Samsung Engineering (KRX: 028050).
The agreement was officially signed on October 3 during the 2023 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).
Its primary focus is to optimize Carbon Clean’s modular carbon capture technology, CycloneCC, for maritime use.
CycloneCC boasts equipment that is one-tenth the size of conventional carbon capture units and has a 50% smaller footprint, making it well-suited for the confined spaces aboard ships.
“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,” Hong Namkoong, President and CEO of Samsung Engineering, said in a comment to the agreemet.
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Aniruddha Sharma, Chair and CEO of Carbon Clean, highlighted the shipping industry’s significant role in the “net zero puzzle”, accounting for 3% of global carbon dioxide (CO2) emissions.
He anticipates that the company’s CycloneCC technology will find an ideal application in this sector due to its compact size and high performance.
The collaboration between Carbon Clean and Samsung Engineering responds to the mounting pressure to decarbonize the shipping sector, driven by more aggressive greenhouse gas (GHG) reduction targets by the International Maritime Organization (IMO).
These targets include a 20% reduction in emissions by 2030, a 70% reduction by 2040, and net-zero emissions by 2050.
Onboard carbon capture is poised to play a pivotal role in addressing emissions from the shipping industry in the near future.
It enables vessels to capture the CO2 they emit during operations, bridging the ap until low-carbon fuels like green ammonia, methanol, and hydrogen, along with associated onshore infrastructure, become more widespread.