Value Maritime (VM) will supply an exhaust gas cleaning system and carbon capture feature to Japanese shipping company Mitsui O.S.K. Lines (MOL) for an LR1 product tanker. At 75,000 DWT, this is the largest vessel, in terms of DWT, and the first LR1 tanker to sail with a VM Filtree and carbon capture unit.
VM will provide a 15-MW next generation exhaust gas cleaning system (EGCS) Filtree with its additional carbon capture unit set to capture 10 per cent CO2 onboard MOL’s tanker Nexus Victoria. Installation is expected to take place before the end of the year.
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Filtree with carbon capture
The Filtree system is based on innovative technology that filters sulphur, CO2 and 99 per cent of ultra-fine particulate matter from the tankers’ exhaust stream. The plug and play Filtree system installed on the MOL product tanker will be outfitted with a CO2 capture and storage system to help reduce emissions further.
With this, CO2 is captured from the vessel’s exhaust and stored in tanks onboard. This is then discharged onshore where it can be used, for example, in the sustainable cultivation of greenhouse crops, methanol plants, and even the food industry. The carbon capture unit designed for the Nexus Victoria is capable of increasing its carbon capture rate to thirty per cent if required.
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Decarbonisation for existing vessels
‘Hopefully this is the first of many Japanese clients that we can support in achieving decarbonisation initiatives. Working with one of the world’s most reputable shipowners keeps us motivated. It challenges us to stay ahead and continue to provide the best and simplest emission-reducing solutions to the shipping industry,’ says Laurens Visser, commercial manager at VM.
MOL has established the “MOL Group Environmental Vision 2.2” as a roadmap to achieve net zero greenhouse gas (GHG) emissions by 2050. Hiroyoshi Kubo, executive officer, tanker unit at MOL: ‘This system is noteworthy as an initiative to promote decarbonisation of existing vessels, which are difficult to convert to next-generation fuels.’
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Carbon capture logistics
With this signed deal, VM plans to collaborate further with other product tanker companies in the Asian market and further expand their carbon logistics services onshore.
‘Our ambition is to expand our carbon capture usage and storage (CCUS) facilities globally through our sister company, Value Carbon,’ explains Christiaan Nijst, founder and director of the Value Group. ‘Offering clients end-to-end solutions is the only way we can reach industry decarbonisation goals. We focus specifically on locations where captured carbon is best handled, like bunkering ports and always look for the most energy-efficient way to utilise the carbon at the lowest cost per tonne.’
Picture: LR1 product tanker Nexus Victoria (supplied by Value Maritime).
