KR grants approval to Hanwha Ocean’s Onboard CO2 Capture System

KR grants approval to Hanwha Ocean’s Onboard CO2 Capture System

Korean Register (KR), in collaboration with the Marshall Islands Registry, has granted an Approval in Principle (AiP) for an Onboard CO2 Capture System (OCCS) developed by Hanwha Ocean.

With the International Maritime Organization (IMO) and the European Union (EU) tightening regulations on greenhouse gas emissions (GHG), including the recent implementation of Carbon Intensity Indicator (CII) regulations earlier this year, shipping companies are under increasing pressure to closely monitor and reduce their vessels’ carbon emissions in order to meet these stringent standards.

Given these changing environmental restrictions, onboard CO2 collection and storage technology has emerged as a viable answer for meeting global emissions targets.

Hanwha Ocean’s onboard carbon capture and storage system captures CO2 generated on board using absorbents and transforms it to mineral form.

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When compared to other CO2 capture systems, the OCCS using this technology requires extremely little energy, and the quantity of extra CO2 created during its operation is rather tiny. Furthermore, its small design assures implementation efficiency.

In partnership with the Marshall Islands Registry, KR assessed the OCCS’s stability and compatibility by evaluating classification standards and local and international legislation.

YEON Kyujin, Head of KR’s Plan Approval Center, said: “Currently, the carbon capture and storage technology is expected to contribute a sizeable portion of the total global CO2 reduction, so market demand for this technology is growing.

“It is meaningful for us to pre-emptively respond to the demand and play a major role in commercialising OCCS technology with this successful AiP.”

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Kang, Sang-Don, VP and Head of Hanwha Ocean’s Basic Design Department, commented: “The OCCS developed this time will be applied to 174K LNGC in the future.

“We will work to strengthen our competitiveness by developing eco-friendly technology that meets the ever-strengthening environmental regulations and the requirements of ship owners.”

This month, KR and HD Hyundai Global Service signed a Memorandum of Understanding (MoU) to cooperate on their verification of maritime carbon reduction solutions.

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