Yesterday, an announcement from Cosco Shipping Energy Transportation (CSET), the tanker operating division of Cosco Shipping Group, and Dalian Shipbuilding Industry Co (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), indicated that both companies collaborated to develop not one, but two different types of tankers with carbon capture and storage systems.
When this success of a study was a mere thought, the concept of the vessel involved a large crude carrier (VLCC) and a Suezmax, which have obtained the approval in principle (AiP) independently issued by three classification societies: DNV, ABS, and China Classification Society (CCS).
DSIC said the design is a joint effort between the two parties to achieve carbon neutrality.
What separates this project from the many racing to achieve carbon neutrality is that the concept, which is a collaborative effort between the two industry giants, builds on the development of a methanol-fueled VLCC and the first LNG dual-fuelled VLCC to reach the aim of carbon neutrality.
Not afraid to admit a mistake, Cosco decided to update the tanker to have a dual system,
only a year after ordering a standard fuel vessel in 2017 at Dalian.
Although details of how their carbon capture tech is operating remain under wraps, it is believed that with the dedication, combined experience, and obviously working trial-and-error process, the two companies are collaborating their ways toward a thriving future of not achieving carbon neutrality through not only carbon capture but by using storage systems as well.