BASF and SHI to focus on CCS development

German-headquartered BASF and Samsung Heavy Industries (SHI) signed a Memorandum of Understanding (MoU) at Gastech in Milan to assess the feasibility of capturing carbon and storing it on board ships using BASF OASE® blue technology.

The companies will assess scope to marinise the technology and the feasibility of constructing a carbon capture unit. BASF will provide support through its expertise in floating LNG technology while SHI will study possibilities for installing gas treatment plant on ships.

BASF’s senior vice president, Intermediates Asia Pacific, commented: “Leveraging our state-of-the-art OASE technology, we are pleased to expand our cooperation with SHI and support it in navigating through tightening carbon emission regulations.”

Head of Shipbuilding Sales Engineering at SHI, Youngkyu Ahn, said: “Through cooperation with BASF, Samsung Heavy Industries has developed efficient Onboard Carbon Capture system which will help gain a competitive advantage in a low-carbon shipping market.”