BW Group’s Oslo-listed floater specialist, BW Offshore, has teamed up with Singapore-based fabricator Dyna-Mac to jointly pursue carbon capture and storage (CCS) projects.
The collaboration between the FPSO topside module maker and Andreas Sohmen-Pao’s owner of six FPSO vessels is expected to leverage both parties’ expertise in the oil and gas industry to expand into CCS, which is widely regarded as one of the key technologies to transition into low carbon energy production solutions.
The duo intends to develop standardised engineering solutions to offer an end-to-end value chain covering the capture, liquefaction, shipment, receiving and sequestration of CO2.
The move is also expected to potentially contribute to Singapore’s push towards a 2050 net-zero carbon economy and the city-state’s goal to reduce emissions to around 60m tonnes of CO2 equivalent in 2030.
BW Offshore has been capturing opportunities arising in the ongoing global energy transition with its involvement in floating offshore wind company, BW Ideol, and the latest collaboration demonstrates the company’s “commitment to sustainability and highlights a shared vision to pioneer innovative solutions to enable a greener energy sector,” said Marco Beenen, CEO of BW Offshore.