Shell Ventures, the corporate venture capital arm of Shell, has invested in Value Group. The news was announced by the Dutch sustainability company, which brings together sister firms Value Maritime and Value Carbon, on Sept. 1. The oil and gas industry venture capital’s investment will support the development and expansion of Value Group’s carbon capture, utilization and storage (CCUS) strategy.
Shell Ventures specializes in supporting companies in the early, scale and growth stages by offering investments that aid the development of new low-carbon and energy transition technologies.
Value Maritime has developed and installed Filtree, which is one of the first commercially viable hybrid carbon capture and exhaust gas cleaning systems. Filtree cleans sulfur and carbon from vessels’ exhaust emissions, as well as oil residue and particles from the ships’ washing water. The system thus serves as a way to both lower carbon emissions and decrease water acidification.
Relevant: Value Maritime To Install Carbon Capture Tech On Ardmore Tankers
The Filtree System also features an integrated carbon capture feature that allows ships to store the CO2 they collect onboard in dedicated fixed tanks or non-fixed battery containers. These onboard storage facilities are filled with CO2, which can then be sustainably offloaded in port for re-use or storage elsewhere.
Value Maritime’s sister company Value Carbon, which was established earlier in 2023, focuses on the landslide utilization and storage of captured CO2.
“Shipping is a notoriously hard-to-abate sector where volumes have doubled over the last couple of decades and the upward trend is expected to continue,” said Robert Linck, chief investment officer and co-founder at Shell Ventures. “Value Group’s promising solution is one of the first on the market that provides the maritime industry with a viable solution for carbon capture today.”
In a statement released by Value Group, the company said both parties believe in the significance of collaborations among companies, governments, customers, and industries to harness the potential of carbon capture, utilization, and storage with the aim of reducing emissions within the maritime sector.
Read more: Value Maritime Receives ABS Approval For Its CO2 Capture System
