SBM Offshore, MHI partner to develop carbon capture solution for FPSOs
(WO) – SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) announced 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.
The CO2 capture solution will apply MHI’s proprietary “Advanced KM CDR ProcessTM” 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.
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 Fast4ward® principles.
Demand for the decarbonization of FPSO operations is expected to increase rapidly. 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.