DNV Report Highlights Need for Regulatory Framework to Accelerate CO₂ Capture in Shipping Sector
A DNV report commissioned by five major shipping companies underscores the importance of a clear legislative framework to facilitate Onboard Carbon Capture and Storage (OCCS) investments in the shipping industry. The report indicates that OCCS can significantly reduce CO₂ emissions alongside low-emission fuels. It recommends using the Asia-North Europe trade route as a testbed for OCCS, citing its high emissions and existing CO₂ storage projects in Rotterdam and Singapore. The report also mentions the successful completion of a pilot project in Rotterdam involving the Ever Top vessel.
Theia Market Signal Identification - AI AssistedA DNV report emphasizes the need for a clear regulatory framework to enable Onboard Carbon Capture and Storage (OCCS) investments among major shipping companies, including CMA CGM, Evergreen, Hapag-Lloyd, Maersk, and MSC. Despite delays in implementing the IMO's Net Zero Framework, the report advocates for the development of onboard CO₂ capture solutions.
It proposes the Asia-North Europe trade route as a test environment for OCCS due to its emissions profile and existing CO₂ storage initiatives. The report also notes the successful unloading of 20 tons of captured CO₂ from the Ever Top vessel in Rotterdam, marking the first successful pilot for OCCS technology.
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