DNV and SDTR Marine join forces in a Joint Development Project (JDP) to explore Onboard Carbon Capture and Storage (OCCS) feasibility for SDTR Marine’s 85,000 dwt Kamsarmax bulk carrier. The collaboration involves a techno-economic analysis, utilizing DNV's FuelPath, to assess the economic viability of OCCS under various fuel and CO2 price scenarios. This initiative aligns with SDTR Marine's commitment to environmental responsibility and decarbonizing shipping.
In a pioneering move towards environmental responsibility, DNV and SDTR Marine have entered into a Joint Development Project (JDP) to explore the feasibility of Onboard Carbon Capture and Storage (OCCS) for SDTR's Kamsarmax bulk carrier. This collaborative effort involves a thorough techno-economic analysis utilizing DNV's FuelPath. The primary goal is to evaluate the economic viability of different fuel and technology approaches, taking into account various fuel and CO2 price scenarios. This initiative reflects SDTR Marine's commitment to reducing the carbon footprint of maritime operations and aligns with their ambitious emission targets.
Gao Dehui, CEO of SDTR Marine, emphasizes the significance of CCS technology in reducing the environmental impact of the shipping industry. The exploration of OCCS on their vessels underscores SDTR Marine's dedication to continuous efforts in reducing carbon emissions and operating more sustainably in maritime operations.
Cristina Saenz de Santa Maria, Regional Manager at DNV, expresses excitement about working with SDTR Marine to explore cost-effective fuel strategies that support their net-zero goals. As the maritime industry progresses towards decarbonization, strategic planning for regulatory compliance and operational efficiency becomes crucial. The collaboration leverages DNV's global network and the expertise of their Maritime Decarbonization Centre of Excellence in Singapore, positioning them to guide the industry through the energy transition in compliance with IMO’s emission targets.
OCCS has garnered increased attention as the maritime industry actively seeks innovative solutions to curb its carbon footprint. This collaboration builds on DNV's previous initiatives in exploring OCCS feasibility for different vessel types, showcasing a collective commitment to sustainable and eco-friendly practices in the shipping sector.
In conclusion, the collaboration between DNV and SDTR Marine in exploring Onboard Carbon Capture and Storage (OCCS) for the Kamsarmax bulk carrier signifies a significant step towards reducing the carbon footprint in the maritime industry. The joint effort involves a thorough analysis of economic viability under various scenarios, aligning with SDTR Marine's commitment to environmental responsibility. As the industry actively seeks innovative solutions to meet emission targets, this collaboration showcases a proactive approach in adopting eco-friendly technologies. It underlines the collective dedication of DNV and SDTR Marine towards sustainable and responsible shipping practices.