New international working group to study onboard carbon capture solutions


ABS announces it has joined an elite working group comprised of global maritime leaders to study onboard carbon capture technologies.
The collaborative project brings together ABS, Diana Shipping Services, Equinor, GasLog LNG Services, Maran Gas Maritime, Minerva Gas, Neptune Lines Shipping and Managing Enterprises, the Norwegian Maritime Authority (NMA), Prime Tanker Management, Solvang, Springfield Shipping Co. Panama, Thenamaris (Ships Management) and Wärtsilä Moss.

The multi-month study is underway with five distinct areas of focus: technologies, regulations, operational parameters, financial impacts and infrastructure.

“ABS is honoured to join this distinguished group to share knowledge and explore solutions,” said Panos Koutsourakis, ABS Vice President, Global Sustainability. “Carbon capture has the potential to be a key transformational technology for shipping to achieve net-zero emissions by 2050.

“The collective expertise and resources of the partners will play a key role in overcoming the technical, regulatory, and economic challenges associated with this innovative approach to emissions reduction.”

“In the absence of abundant and affordable carbon-free fuels, carbon capture and storage (CCS) technology is increasingly gaining interest as a reasonable step towards shipping decarbonisation,” said Kostas Karathanos, COO of GasLog. “We are proud to be able to collaborate with industry leaders to materialize the adoption of this technology at sea.”