MOL, Value Maritime To Launch First Carbon Capture System On Japanese Tanker

MOL, Value Maritime To Launch First Carbon Capture System On Japanese Tanker - Carbon Herald

Mitsui O.S.K. Lines (MOL, TYO: 9104) is set to pioneer carbon capture technology in the Japanese maritime sector with the installation of a unique system on one of its LR1 product tankers, in partnership with Dutch tech firm Value Maritime.

MOL will equip the Nexus Victoria tanker, which has a deadweight tonnage capacity of 74,900 dwt, with a combined system that not only captures carbon dioxide (CO2) but also functions as a sulfur oxides (SOx) scrubber.

The Nexus Victoria, constructed in Japan in 2015 and managed by Synergy Maritime, will host the innovative 15 MW Filtree system.

Scheduled for completion by the end of 2024, this initiative marks the first commercial deployment of a CO2 capture system on a Japanese-operated vessel, as well as the debut of the Filtree System on an LR1 tanker, MOL and Value Maritime said in separate statements on Monday.

The technology employs an amine-based solution to capture CO2 from exhaust emissions, potentially recovering up to 10% of CO2 emissions.

The captured CO2 is stored in onboard tanks and can be offloaded in port for various applications, including supply to greenhouses and synthetic fuel companies.

Besides reducing CO2 emissions, the system also serves as a highly efficient scrubber, expected to eliminate 99% of SOx and particulate matter (PM) from exhaust emissions.

Relevant: Mitsui O.S.K. Lines & JX To Develop Carbon Capture Value Chain Between Japan & Australia

Highlighting the significance of this endeavor, Hiroyoshi Kubo, MOL’s Executive Officer for the Tanker Unit, emphasized its role in promoting decarbonization efforts for existing vessels.

Value Maritime’s Commercial Manager, Laurens Visser, expressed optimism about future collaborations with Japanese clients, aiming to further advance decarbonization initiatives.

The partnership between MOL and Value Maritime aligns with broader efforts to achieve carbon neutrality and build a comprehensive CO2 capture value chain.

Value Maritime’s sister company, Value Carbon, seeks to provide end-to-end solutions for carbon capture, focusing on efficient handling and utilization of captured carbon at the lowest cost per ton.

Read more: Value Maritime Launches World’s First CO2 Liquid Bunkering

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