MODEC Inc. and Carbon Clean Solutions Ltd. have signed a memorandum of understanding (MOU) to accelerate the development and potential deployment of onboard carbon capture systems for offshore production vessels. This is according to a recent release from MODEC.
The agreement outlines plans to integrate Carbon Clean’s modular CycloneCC technology into MODEC’s floating production, storage and offloading (FPSO) designs, aiming to reduce emissions from offshore oil and gas operations. The work builds on a pilot project already underway and could lead to post-combustion carbon capture (PCC) being offered as a standard feature on future MODEC FPSOs.
“As a technology integrator and offshore solutions provider, we must remain committed to our core values and continue to seek realization of our vision to explore ways to contribute to society humbly and diligently,” MODEC’s Chief Technical Officer Koichi Matsumiya said.
Carbon Clean’s Chief Executive Officer, Aniruddha Sharma, said the partnership positions MODEC as a leader in low-carbon offshore development. “This is a major step toward commercializing onboard carbon capture for FPSOs and sets a precedent for the broader maritime industry.”
He said that as the International Maritime Organization’s emissions regulations develop in support of maritime decarbonization, CycloneCC offers a scalable and viable solution to help vessels meet these targets and achieve full emissions reductions before the end of the decade.
The initiative is part of MODEC’s mid-term plan to enhance its sustainability profile and support clients’ decarbonization targets, especially as natural gas gains prominence as a transition fuel.
MODEC, a leading supplier of offshore production systems, is currently contracted to deliver two FPSOs to ExxonMobil for use in Guyana at the Uaru and Hammerhead projects, and is expected to compete for future potential FPSO awards tied to the company’s work in the Stabroek Block.
