SBM Offshore and Mitsubishi Heavy Industries (MHI) have signed a Partnership Agreement that will offer a CO2 capture solution for Floating Production Storage and Offloading vessels (FPSO).
The agreement follows a successful engineering and design study between the companies demonstrating the technical feasibility and commercial readiness of CO2 capture technology offshore. The CO2 capture solution will apply MHI’s technology, jointly developed with The Kansai Electric Power.
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.
… said Olivier Icyk, Managing Director of Floating Production Solutions at SBM Offshore
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%.
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.
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.
… commented Kenji Terasawa, CEO and Head of Engineering Solutions at MHI