MISC signed Memorandum of Understandings (MoUs) with Mitsui, Samsung Heavy Industries (SHI) and ANDRITZ to explore opportunities on carbon capture and storage (CCS) solutions in the maritime value chain which include identifying storage hubs, development of floating solutions and carbon capture parts and equipment.
Under the MOU with Mitsui both parties will jointly collaborate on business opportunities across the CCS value chain, including the identification of potential CCS hubs, assessing the commercial and technical viability of CCS solutions.
Meanwhile, the partnership with SHI covers the joint development of the engineering, procurement and construction (EPC) of the floating carbon dioxide (CO2) solutions to facilitate and support the optimisation of offshore CCS projects by combining each party’s expertise, experience, and resources.
The cooperation with ANDRITZ covers the application and optimisation of carbon capture technologies and the execution of engineering, procurement, construction, installation, and commissioning (EPCIC) of CCS systems for marine and land-based applications.
Carbon capture and storage technologies as well as related infrastructure, are pivotal measures to support and accelerate the transition towards a low-carbon future
MISC’s President & Group Chief Executive Officer, Captain Rajalingam Subramaniam, said.
Captain Rajalingam also added that “discussions are also in progress to expand our partnership to ensure that we operate in a sustainable manner and are prepared for the transition.”
