DSME, GasLog and ABS Partner to Develop Carbon Capture and Storage System

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[Source: Daewoo Shipbuilding & Marine Engineering Co.]

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has partnered with Greek LNG shipping company GasLog and US classification society ABS to develop a carbon capture and storage system on board LNG ships.

The three partners announced on Friday that they would launch a joint working group to design and install an on-board carbon capture and storage system (OCCS) that will be applied to LNG carriers currently under construction at a Korean yard for GasLog.

They also plan to analyze and verify the operational risks of OCCS to seek approval in principle (AIP), an independent evaluation of a concept that will be led by ABS.

OCCS is an environmentally friendly technology that absorbs carbon dioxide emitted from ship operations and stores it as a by-product, then releases it safely to shore after entering port.

DSME, which leads the tripartite collaboration, has OCCS-related technology and patents obtained through cooperation with local equipment and material suppliers.

DSME will give a full basic design review of major OCCS equipment and share technical data and related drawings. In addition, it will carry out a feasibility study of the installation and operation of the OCCS through verification work.

DSME last year won an order for four LNG carriers from GasLog with the aim of delivery by 2024.

By impulse

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]


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