ABS Greenlights Bumi Armada’s Floating Carbon Storage Unit

ABS Greenlights Bumi Armada's Floating Carbon Storage Unit - Carbon Herald

Bumi Armada, a Malaysia-based operator of Floating Production Storage and Offloading (FPSO) and floating storage units, has received an Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its innovative design of a floating carbon storage and injection unit (FCSIU). 

The FCSIU is an innovative floating facility that can hold and infuse liquefied carbon dioxide (LCO2) into permanent storage deep beneath the seabed. 

The novel idea behind this technology involves the capacity to receive LCO2 shipments in an offshore environment, the adaptability to handle LCO2 at low or moderate pressure, the availability of LCO2 temporary storage, and the processing of LCO2 for sequestration. 

ABS, a leader in the field, is committed to supporting the safe development and adoption of this technology. ABS president and chief operating officer, John McDonald, expressed the importance of this technology in reducing greenhouse gas emissions and stated that it is likely to become more widespread in the future. 

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The innovative unit has the capability to acquire liquefied carbon dioxide from various sources, such as power generation, production, and the building sector. This presents a fresh and game-changing approach to reducing carbon dioxide emissions from these industries. 

The AIP granted by ABS signifies that the FCSIU can be used for either a newly constructed vessel or a modified existing one, with smaller tanks that enhance the organization of cargo space, allowing for efficient and effective storage and injection of the liquefied carbon dioxide. 

Bumi Armada CEO Gary Christenson expressed his enthusiasm for implementing eco-friendly and expandable approaches to lessen carbon emissions. Christenson stated that this particular solution exemplifies the company’s unwavering dedication to delivering top-notch decarbonization solutions on a global scale. 

These efforts align with Bumi Armada’s newly introduced general decarbonization strategy, which aims to achieve net zero status by 2050.

Read more: Malaysia Stock Exchange Will Support The Country’s Fledgling Carbon Market

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