TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
Home
Press release
Sep 15, 2023 18:51 JST
Source:
Mitsubishi Heavy Industries, Ltd.
SBM Offshore and MHI Sign Partnership Agreement for FPSO CO2 Capture Solution
TOKYO, Sep 15, 2023 - (ACN Newswire) - SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) are pleased to announce the signing of a Partnership Agreement that will offer a CO2 capture solution for Floating Production Storage and Offloading vessels (FPSO) as they are producing oil and gas from offshore reservoirs. The agreement follows a successful engineering and design study between the companies demonstrating the technical feasibility and commercial readiness of CO2 capture technology offshore.
Visit to MHI headquarters by SBM Offshore executives
The CO2 capture solution will apply MHI's proprietary "Advanced KM CDR Process" technology, jointly developed with The Kansai Electric Power Co., Inc.
The technology enables significant greenhouse gas emissions reductions from FPSOs by capturing CO2 from onboard gas turbines.
It is estimated that the CO2 capture technology can reduce CO2 emissions from overall FPSO operations by up to 70%.
The solution is being developed as part of SBM Offshore's emissionZERO program and is based on a combination of MHI's proprietary CO2 capture technology and SBM Offshore's industry leading Fast4ward principles.
Demand for decarbonization of FPSO operations is expected to increase rapidly. Through this collaboration, the companies will aim to open the door to offshore CO2 capture and storage development, making a concrete contribution to carbon neutrality efforts.
Olivier Icyk, Managing Director of Floating Production Solutions at SBM Offshore commented:
"The signing of this Partnership Agreement marks a key development within our emissionZERO program, whose goal is to provide FPSOs with near-zero emissions. The technology, which we are now able to offer clients, is an essential solution to substantially reduce the carbon footprint of our FPSOs. We are pleased to partner up with MHI, a top player whose carbon capture technology perfectly complements our leading experience in floating energy solutions."
Kenji Terasawa, CEO and Head of Engineering Solutions at MHI commented:
"We are very pleased to establish a new partnership with SBM Offshore, a leading FPSO company that is essential to the energy industries. Combining proven technologies of both companies will be an important step towards decarbonization of offshore greenhouse gas emissions from FPSOs. With this agreement, we will accelerate the offshore carbon capture business in order to achieve a carbon neutral society."
About SBM Offshore
SBM Offshore has over 65 years of extensive experience designing, constructing, delivering, installing, and operating offshore energy facilities, with special expertise in developing local supply chains and providing economic opportunities to local communities. With over 7,000 people globally, SBM Offshore is active in the decarbonization of conventional deepwater ocean infrastructure and the deployment of new energies.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Energy, Alternatives
Copyright ©2023 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Related Press Release
Seven Companies to Conduct Joint Feasability Study on Japanese Advanced CCS (Carbon Capture and Storage) Project
August 02 2023 23:00 JST
MHI Completes Development of Second-Generation "EX ROVR" Explosion-Proof Plant Inspection Robot
April 11 2022 11:06 JST
Mitsubishi Shipbuilding Holds Launch Ceremony in Shimonoseki for Second MRRV for the Philippines Department of Transportation
November 18 2021 16:50 JST
HKSAR Chief Executive encourages Japanese companies to leverage opportunities in Guangdong-HK-Macao Greater Bay Area
April 09 2019 19:00 JST
Japan International Aerospace Exhibition 2016 to be finally held from Wednesday 12th October
October 11 2016 23:00 JST
Japan International Aerospace Exhibition 2016 (JA2016) - Public event program finalized
October 11 2016 23:00 JST
Japan International Aerospace Exhibition 2016 (JA2016) - Guidelines for Media Interviews
October 05 2016 09:00 JST
Stronger Turbine Blades with Molybdenum Silicides
September 24 2016 20:00 JST
Japan International Aerospace Exhibition 2016 (JA2016) Now Available - Advance registration, ticket sales and seminar registration
September 08 2016 19:30 JST
MHI to Establish Sales and After-sales Service Company for Truck/Trailer Reefers in Thailand JV with Local Partner, Mahajak
June 30 2016 22:28 JST
More Press release >>
Latest Press Release
Mitsubishi Motors to Showcase a Fulfilling Mobility Lifestyle that Awakens Drivers' Adventurous Spirit at the Japan Mobility Show 2023
Sep 25, 2023 17:50 JST
"LEQEMBI Intravenous Infusion" (Lecanemab) Approved for the Treatment of Alzheimer's Disease in Japan
Sep 25, 2023 15:17 JST
Value Research Center (VRC) at SSUNGA78: 'How Purpose, Value, and Impact will Drive a Sustainable Post-SDG Future'
Sep 25, 2023 03:00 JST
TOYOTA GAZOO Racing returns to South American roads
Sep 22, 2023 18:26 JST
Fujitsu marks next stage of "Work Life Shift" with new corporate hubs in Tokyo area to boost productivity, data-driven management
Sep 22, 2023 16:20 JST
Fujitsu and Hokuhoku Financial Group launch trials for generative AI to streamline operations for Hokuriku Bank and Hokkaido Bank
Sep 22, 2023 12:32 JST
Innovative MedTech Welcomes Visionary Frederick Schilling to its Corporate Advisory Board
Sep 21, 2023 22:30 JST
Eisai: Release of Dementia Disease Awareness Videos for World Alzheimer's Day, September 21
Sep 21, 2023 12:26 JST
JCB and BNI Launch the BNI JCB Ultimate Card
Sep 21, 2023 09:00 JST
Takasago Hydrogen Park, the World's First Integrated Validation Facility for Technologies from Hydrogen Production to Power Generation, Enters Full-Scale Operation
Sep 20, 2023 19:05 JST
HRC and Takaaki Nakagami Agree to Renew Contract
Sep 20, 2023 15:24 JST
Lexus Presents the Theme of Diversification and Electrification Aiming to Deliver New Value to Customers
Sep 20, 2023 11:22 JST
Hitachi Industrial Products to Launch High-capacity Multi-port EV Charger
Sep 19, 2023 20:06 JST
Honda and Toray Begin Joint Demonstration of Closed-loop Recycling of Nylon Resin
Sep 19, 2023 12:07 JST
Fujitsu launches new offering to support sustainable enterprise transformation as Japan's first premium supplier for RISE with SAP
Sep 19, 2023 10:34 JST
Fujitsu strengthens DX consulting capabilities with plans to acquire Australian consultancy MF & Associates - investing for government and healthcare customer success
Sep 19, 2023 10:05 JST
Quantum Computing Startup - Nanofiber Quantum Technologies Secures $8.5m Funding
Sep 18, 2023 04:40 JST
SBM Offshore and MHI Sign Partnership Agreement for FPSO CO2 Capture Solution
Sep 15, 2023 18:51 JST
Fujitsu and the Linux Foundation launch Fujitsu's automated machine learning and AI fairness technologies as Linux Foundation hosted open source projects
Sep 15, 2023 10:23 JST
A New Era: Challenges in Lunar Exploration and Manned Lunar Orbital Base Development
Sep 14, 2023 17:04 JST
More Latest Release >>