On April 28, HMM, Samsung Heavy Industries, Panasia, and the Korean Register of Shipping signed a business agreement for integrated empirical research on ship carbon dioxide capture and liquefaction storage technology (OCCS). The four companies will form a joint working group to conduct research on OCCS technology.

HMM plans to install OCCS developed with domestic technology on a 2,100 TEU container ship that is currently in operation and conduct empirical research at sea within this year.

Samsung Heavy Industries and Panasia will design, manufacture, install, and commission the OCCS, while HMM will be responsible for its operation. The Korean Register of Shipping will conduct a risk assessment of the ships.

During the demonstration period, the carbon dioxide collected from the exhaust gas of container ships will be used for smart farms and dry ice production on land.

The study aims to verify carbon dioxide capture and liquefaction performance, accumulate operational management know-how, and secure actual operation data at sea.

After the empirical study, Samsung Heavy Industries and Panasia plan to commercialize the OCCS technology by increasing the level of trust in it. HMM plans to utilize OCCS technology as one of the strategies to respond to ship greenhouse gas environmental regulations led by the International Maritime Organization (IMO).

“Carbon capture and storage (CCS) technology is attracting attention as a practical alternative for carbon reduction as countries around the world aim to achieve the ‘2050 carbon neutral’ goal,” said Lee Dong-yeon, head of Samsung Heavy Industries’ shipbuilding and marine research institute.

“OCCS technology will be a representative eco-friendly solution that can greatly contribute to creating new value in the shipping industry by reducing carbon emissions.”

Source: Korea IT Times