Unlocking the carbon value chain
PROJECT REMARCCABLE (Realising Maritime Carbon Capture to demonstrate the Ability to Lower Emissions)
While carbon capture and storage has been established onshore for some time, onboard carbon capture and storage (OCCS) has gained traction recently as a feasible approach for shipping to meet IMO revised GHG emissions reduction targets.
The case for the pilot
The GCMD–BCG Global Maritime Decarbonisation Survey revealed that 60% of respondents see OCCS as important to achieving their net-zero emissions targets. As high as 50% of the Frontrunners plan on trialling shipboard solutions by 2025.
OCCS adoption faces many hurdles, including high CAPEX for shipboard-compatible systems that need to be installed at the expense of cargo space and high OPEX owing to the need to consume additional fuel to operate the energy-intensive system.
To help close these gaps, Project REMARCCABLE aims to demonstrate end-to-end onboard carbon capture at scale.
Scope of the pilot
Phase 1: Conceptual design and front-end engineering design study (FEED) of the carbon capture system.
Phase 2: Contingent upon the successful completion of Phase 1, and with the support and endorsement of lead partners, a subsequent phase encompassing the engineering, procurement, and construction (EPC) of a prototype shipboard carbon capture system, including onshore commissioning, will be initiated.
Phase 3: Integrating the carbon capture system with the identified medium range (MR) tanker and conducting sea trials.