HMM partners with PANASIA to study onboard carbon capture system

Sep 20 2022


Shipping lines HMM and PANASIA have signed an MoU to collaborate on an onboard carbon capture system.

Under the terms of the MoU, HMM and PANASIA will perform a feasibility study, economic analysis and risk assessment. In addition, the handling process of captured CO2 is one of the vital areas of study. Based on research findings, HMM is expected to install the carbon capture system and perform an operational test on its vessels.

Kim Gyou-bong, HMM Chief Maritime Officer, said, “Carbon capture technologies are one of the alternatives in support of the net-zero ambitions of the global community” and added, “We will continue to participate in collaborative partnerships to develop onboard carbon capture solutions on our pathway to carbon neutrality".

As an environmental initiative, HMM unveiled its target of reaching net-zero carbon emissions across its entire fleet by 2050. HMM said it is exploring various sustainable energy sources to achieve the target, including biofuels, LNG, hydrogen, and green ammonia. 

HMM
PANASIA


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Issue 88 - July - Aug 2021

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