SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) have unveiled a significant stride toward reducing greenhouse gas emissions from floating production, storage and offloading vessels (FPSO). They announced a Partnership Agreement that aims to provide a carbon dioxide (CO2) capture solution for FPSOs during their oil and gas production from offshore reservoirs.
This new endeavour came to fruition after a successful engineering and design study was carried out between the two industry giants. This study established the technical viability and commercial readiness of the CO2 capture technology for offshore applications.
A focal point of this partnership is MHI’s “Advanced KM CDR Process” technology, developed in collaboration with The Kansai Electric Power Co., Inc. This innovation enables the capture of CO2 from onboard gas turbines of FPSOs, significantly trimming down their greenhouse gas emissions. In fact, preliminary estimates show that this CO2 capture solution can potentially slash CO2 emissions from FPSO operations by an impressive 70%.
SBM Offshore’s emissionZERO® program plays a pivotal role in the development of this solution. The collaboration harnesses both MHI’s proprietary CO2 capture technology and SBM Offshore’s renowned Fast4ward® principles. This move comes at a crucial time when the demand for decarbonisation of FPSO operations is on the rise.
Olivier Icyk, Managing Director of Floating Production Solutions at SBM Offshore said, “The signing of this Partnership Agreement marks a key development within our emissionZERO® program, whose goal is to provide FPSOs with near-zero emissions. The technology, that we are now able to offer clients, is an essential solution to substantially reduce the carbon footprint of our FPSOs.”
He said the company is pleased to partner with MHI, a top player whose carbon capture technology perfectly complements SBM Offshore’s leading experience in floating energy solutions.
Kenji Terasawa, CEO and Head of Engineering Solutions at MHI, said the partnership with SBM Offshore combines proven technologies of both companies and will be an important step towards decarbonisation of offshore greenhouse gas emissions from FPSOs. “With this agreement, we will accelerate the offshore carbon capture business in order to achieve a carbon neutral society.”
SBM Offfshore has its eyes set on achieving net-zero emissions by 2050 and has announced new intermediate greenhouse gas-related targets.