TECO 2030 moves forward with a Carbon Capture and Storage (CCS) feasibility study with AVL List GmbH. The study will focus on vessel capabilities and feasibility of the technology.
The CCS technology will be integrated as part of the TECO 2030 Future Funnel and will be a central add-on technology optimizing decarbonization and ensuring efficient vessel operation.
The carbon capture and storage is very attractive for shipowners who seek to future proof their vessels to meet GHG regulations and strategies. Conventionally fueled vessels will still make up the majority of the global fleet and on-board carbon capture will constitute a viable choice in decarbonizing this segment of the fleet
stated Stian Aakre, CEO of TECO 2030 AS.
As for TECO 2030, it believes that increased focus from shipowners regarding the IMO GHG strategies and tools like Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) will make on-board carbon capture highly interesting.
Carbon storage is a complex method, as it captures carbon dioxide emissions and stores them in coal seams, aquifers, depleted oil and gas reservoirs and other spaces deep under the surface of the Earth.
The emissions are captured either at the source of production, such as a power plant, or directly from the air. After that, carbon dioxide can be separated from other gases either before or after combusting fuel in a plant or industrial facility.
With this technology it is considered that up to 90% of the CO2 emissions pro duced from the use of fossil fuels can be captured. The CCS includes three parts:
- Capturing the carbon dioxide;
- Transporting the carbon dioxide;
- Securely storing the carbon dioxide emissions, underground in depleted oil and gas fields or deep saline aquifer formations.