TECO 2030 ASA signed an MOU with Chart Industries, Inc. to jointly develop technological solutions that will capture CO₂ emitted by ships and subsequently store it in liquid form.

The agreement between TECO 2030 and Chart covers a period of three years and involves the joint development of onboard carbon capture solutions for ships using the Cryogenic Carbon Capture™ (CCC) technology developed by SES, which was acquired by Chart in December 2020.

This technology utilizes Chart’s knowledge of cryogenic equipment and systems along with SES’s patented technology, will separate the CO₂ from the ships’ exhaust gases, resulting in a high purity liquid CO₂ product. The liquid CO₂ is then stored onboard in cryogenic storage tanks until the ship reaches port.

When it has been offloaded from the ship, the CO₂ can then either be permanently stored in geological formations underground or be put to beneficial use in CO₂-consuming industries, such as the agricultural, industrial, energy, or food and beverage sectors.

Will help ships comply with environmental legislation

When fully developed, the carbon capture solution will become available as a key element in the TECO 2030 Future Funnel, an exhaust gas cleaning system for ships developed by TECO 2030.

“When the new CO₂ capture integration that we are collaborating with Chart and Sustainable Energy Solutions (SES) on is ready, it will enable ships to capture and store the CO₂ that they would otherwise have emitted into the air, and which would thereby have contributed to climate change,” said Stian Aakre, CEO of TECO AS. “At TECO 2030, our ambition is to help ships become more environmentally friendly as well as enable them to comply with emerging climate legislation. We believe carbon capture for ships will become one of several measures needed for the shipping industry to reach global decarbonization goals.”

Carbon capture and storage (CCS) is the process of capturing emitted CO₂ and transporting it to a storage site to prevent it from entering the atmosphere as a greenhouse gas. One of the challenges with carbon capture onboard ships is that the storing of CO₂ is space consuming, and that space onboard ships is rather limited. Each tonne of fossil fuel consumed by ships leads to approximately three tonnes of CO₂ emissions.

Green transition within the shipping industry

The International Maritime Organization (IMO) aims to reduce carbon intensity in international shipping by 40% by 2030, and to cut the total annual greenhouse gas emissions from international shipping by at least 50% by 2050 compared to 2008.

Ship-owners across the world will therefore have to do something to make their vessels more climate-friendly, and TECO 2030 will help them with that.

In addition to exhaust gas cleaning systems for ships, TECO 2030 is also developing hydrogen fuel cells for the maritime industry. These will enable ships to switch from fossil fuels to green hydrogen – which is hydrogen produced by renewable energy – and thereby become completely emissions-free.