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TECO 2030 AND CHART INDUSTRIES JOIN FOR CARBON CAPTURE AND STORAGE

TECO 2030 AND CHART INDUSTRIES JOIN FOR CARBON CAPTURE AND STORAGE

Monday, June 14, 2021 

TECO 2030 of Norway and US company Chart Industries have signed a Memorandum of Understanding (MoU) to jointly develop technological solutions that will capture carbon dioxide (CO2) emitted by ships and subsequently store it in liquid form.

“When the new CO2 capture integration that we are collaborating with Chart Industries, Inc. and Sustainable Energy Solutions (SES) on is ready, it will enable ships to capture and store the CO2 that they would otherwise have emitted into the air, and which would thereby have contributed to climate change,” said Stian Aakre, CEO, TECO 2030.

The MoU involves the joint development of onboard carbon capture solutions for ships using the Cryogenic Carbon Capture (CCC) technology developed by SES, which was acquired by Chart Industries in December 2020.

This technology, which utilises Chart Industries' expertise in cryogenic equipment and systems along with SES’s patented technology, will separate the CO2 from the ships’ exhaust gases, resulting in a high purity liquid CO2 product. The liquid CO2 is then stored onboard in cryogenic storage tanks until the ship reaches port.

When it has been offloaded from the ship, the CO2 can then either be permanently stored in geological formations underground or be put to beneficial use in CO2-consuming industries.

When fully developed, the carbon capture solution will become available as a key element in the TECO 2030 Future Funnel, an exhaust gas cleaning system for ships developed by TECO 2030.

“At TECO 2030, our ambition is to help ships become more environmentally friendly as well as enable them to comply with emerging climate legislation,” said Aakre. “We believe carbon capture for ships will become one of several measures needed for the shipping industry to reach global decarbonisation goals.”

“We are excited to bring our carbon capture process expertise to the maritime industry with a partner like TECO 2030 that is dedicated to solving the emissions challenges facing ship-owners today,” said Jill Evanko, CEO and President, Chart Industries. “The solutions that are developed will help enable the shipping industry to reach the greenhouse gas emissions goals for 2030 and 2050 set forth by the International Maritime Organization.”

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