The Global Centre for Maritime Decarbonisation (GCMD) has announced that Project CAPTURED – which last year demonstrated the world’s first end-to-end value chain for onboard captured and liquefied CO2 – has achieved two ‘regulatory milestones’: formal recognition under the European Union Emissions Trading System (EU ETS); and in-principle support from the International Maritime Organization (IMO) for carbon mineralisation. In a statement sent to ship.energy today (22 July), the GCMD said that the formal EU ETS recognition of the CO2 captured during Project CAPTURED ‘means the verified tonnage of captured CO2 can be deducted from emissions requiring the surrender of EU […]

The national oil companies of Mexico and Brazil – respectively Pemex and Petrobras – have signed a memorandum of understanding (MoU) to work together on a range of ‘strategic and technical’ initiatives. In a statement issued yesterday (23 June), Petrobras indicated the companies would be pooling their resources to focus on decarbonisation and the energy transition, as it noted that: ‘The MoU covers cooperation opportunities in refining, petrochemicals, fertilisers, gas processing and liquids recovery, energy efficiency, emissions reduction, carbon capture and the production of lower-carbon-intensity fuels.’ Petrobras added that: ‘The MoU is valid for two years and may be renewed.’ […]

Classification society DNV has published a recommended practice (RP) which aims to provide a standardised framework for measuring and verifying the performance of onboard carbon capture and storage (OCCS) systems on ships. In a statement sent to ship.energy today (22 June), DFNVG said that RP 0698, titled Performance of onboard carbon capture and storage systems, is built around mass balance principles and defines a set of performance metrics, including capture rate, captured CO2 quantity, emissions to atmosphere, and gross capture efficiency. The classification society added that the framework is intended to be ‘technology-neutral’ and a ‘structured third-party verification process’ covers […]