Ecochlor, ship manager Diana Shipping Services, and Sinotech CCS have signed a letter of intent (LOI) to collaborate on an onboard carbon capture and storage (CCS) project.
The LOI covers the intended installation of a Sinotech scrubber and CCS system onboard one of Diana Shipping’s Capesize dry bulk carrier, the G.P. Zafirakis.
This system is designed to capture 25% of the CO2 emitted within the exhaust gas and temporarily store it onboard in liquefied form (LCO2).
Sinotech will provide the expertise for a full feasibility study, engineering and overall turn-key package for the installation, crew training as well as full support towards type approval certification of the installed system by the vessel’s administration. The company will also handle the offloading and sustainable disposal of the captured CO2 in China.
Installation of the equipment onboard the vessel is expected to take place at a Chinese shipyard, most likely in the Zhoushan province.
The LOI also included the intention of the parties to explore potential business opportunities and lay the groundwork for future cooperation on matters beyond the initial scrubber and CCS system installation.
Evangelos Sfakiotakis, Chief Operating Officer of Diana Shipping, commented: ‘Our ambition is to be a catalyst for positive change in the maritime industry. We endorse IMO's Initial GHG Strategy on the reduction of GHG emissions and we are working towards reducing our carbon footprint.’
In early 2022, Sinotech received Approvals in Principal (AiP) for its marine CCS products from Lloyd's Register (LR), Nippon Kaiji Kyokai (Class NK), and Bureau Veritas (BV).