SBM Offshore and MHI sign Partnership Agreement for FPSO CO2 Capture Solution
15 Settembre 2023 - 7:30AM
SBM Offshore and MHI sign Partnership Agreement for FPSO CO2
Capture Solution
September 15, 2023
SBM Offshore and Mitsubishi Heavy Industries
Ltd. (MHI) are pleased to announce the signing of a Partnership
Agreement that will offer a CO2 capture solution for Floating
Production Storage and Offloading vessels (FPSO) as they are
producing oil and gas from offshore reservoirs. The agreement
follows a successful engineering and design study between the
companies demonstrating the technical feasibility and commercial
readiness of CO2 capture technology offshore.
- The CO2 capture
solution will apply MHI’s proprietary “Advanced KM CDR ProcessTM”
technology, jointly developed with The Kansai Electric Power Co.,
Inc.
- The technology
enables significant greenhouse gas emissions reductions from FPSOs
by capturing CO2 from onboard gas turbines.
- It is estimated
that the CO2 capture technology can reduce CO2 emissions from
overall FPSO operations by up to 70%.
- The solution is
being developed as part of SBM Offshore’s emissionZERO® program and
is based on a combination of MHI’s proprietary CO2 capture
technology and SBM Offshore’s industry leading Fast4ward®
principles.
- Demand for
decarbonization of FPSO operations is expected to increase rapidly.
Through this collaboration, the companies will aim to open the door
to offshore CO2 capture and storage development, making a concrete
contribution to carbon neutrality efforts.
Olivier Icyk, Managing Director of Floating
Production Solutions at SBM Offshore commented:
“The signing of this Partnership Agreement marks
a key development within our emissionZERO® program, whose goal is
to provide FPSOs with near-zero emissions. The technology, which we
are now able to offer clients, is an essential solution to
substantially reduce the carbon footprint of our FPSOs. We are
pleased to partner up with MHI, a top player whose carbon capture
technology perfectly complements our leading experience in floating
energy solutions.”
Kenji Terasawa, CEO and Head of Engineering
Solutions at MHI commented:
“We are very pleased to establish a new
partnership with SBM Offshore, a leading FPSO company that is
essential to the energy industries. Combining proven technologies
of both companies will be an important step towards decarbonization
of offshore greenhouse gas emissions from FPSOs. With this
agreement, we will accelerate the offshore carbon capture business
in order to achieve a carbon neutral society.”
About SBM Offshore
SBM Offshore has over 65 years of extensive
experience designing, constructing, delivering, installing, and
operating offshore energy facilities, with special expertise in
developing local supply chains and providing economic opportunities
to local communities. With over 7,000 people globally, SBM Offshore
is active in the decarbonization of conventional deepwater ocean
infrastructure and the deployment of new energies.
About MHI
Mitsubishi Heavy Industries (MHI) Group is one
of the world’s leading industrial groups, spanning energy, smart
infrastructure, industrial machinery, aerospace and defense. MHI
Group combines cutting-edge technology with deep experience to
deliver innovative, integrated solutions that help to realize a
carbon neutral world, improve the quality of life and ensure a
safer world.
Corporate Profile
SBM Offshore designs, builds, installs and
operates offshore floating facilities for the offshore energy
industry. As a leading technology provider, we put our marine
expertise at the service of a responsible energy transition by
reducing emissions from fossil fuel production, while developing
cleaner solutions for renewable energy sources.
More than 7,000 SBMers worldwide are committed
to sharing their experience to deliver safe, sustainable and
affordable energy from the oceans for generations to come.
For further information, please visit our
website at www.sbmoffshore.com.
Financial Calendar |
|
Date |
Year |
Third Quarter
2023 Trading Update |
|
November 9 |
2023 |
Full Year 2023
Earnings |
|
February 29 |
2024 |
Annual General
Meeting |
|
April 12 |
2024 |
First Quarter
2024 Trading Update |
|
May 8 |
2024 |
Half Year 2024
Earnings |
|
August 8 |
2024 |
For further information, please contact:
SBM Offshore Media
Relations
Evelyn Tachau BrownGroup Communications &
Change Director
Mobile: |
+377 (0) 6 40 62 30 34 |
E-mail: |
evelyn.tachau-brown@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
MHI Media Relations
Corporate Communications Department
E-mail: |
mediacontact_global@mhi.com |
Market Abuse Regulation
This press release may contain inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation.
Disclaimer
Some of the statements contained in this release
that are not historical facts are statements of future expectations
and other forward-looking statements based on management’s current
views and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance, or
events to differ materially from those in such statements. These
statements may be identified by words such as ‘expect’, ‘should’,
‘could’, ‘shall’ and similar expressions. Such forward-looking
statements are subject to various risks and uncertainties. The
principal risks which could affect the future operations of SBM
Offshore N.V. are described in the ‘Risk Management’ section of the
2022 Annual Report.
Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results and performance of the Company’s business
may vary materially and adversely from the forward-looking
statements described in this release. SBM Offshore does not intend
and does not assume any obligation to update any industry
information or forward-looking statements set forth in this release
to reflect new information, subsequent events or otherwise.
Nothing in this release shall be deemed an offer
to sell, or a solicitation of an offer to buy, any securities. The
companies in which SBM Offshore N.V. directly and indirectly owns
investments are separate legal entities. In this release “SBM
Offshore” and “SBM” are sometimes used for convenience where
references are made to SBM Offshore N.V. and its subsidiaries in
general. These expressions are also used where no useful purpose is
served by identifying the particular company or companies.
"SBM Offshore®", the SBM logomark, “Fast4Ward®”,
“emissionZERO®” and “Float4Wind®” are proprietary marks owned by
SBM Offshore.
- SBM Offshore and MHI sign Partnership Agreement for FPSO CO2
Capture Solution
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