Value Group gets EUR 2 million investment for port-side offloading
Value Maritime’s green OCCS retrofits will have zero relevance without suitable offtake services (Source: Value Maritime)
Value Group, the manufacturer of the Filtree OCCS system, has accepted a EUR 2 million investment from Energietransitiefonds Rotterdam (‘ETF-R’) to support development of shoreside carbon capture facility ‘Value Hub’.
The Value Hub would provide services offloading carbon captured by shipboard OCCS systems, and is one of remarkably few port-side initiatives seeking to do so, despite the process being pivotal to the operation of OCCS devices currently being retrofitted by Value Maritime and others.
Carbon captured on board is stored in tanks, or containers known as CO2 ‘batteries’. Despite inertia on the matter from ports, it is hoped that they will eventually provide the means to offload and capture CO2 from these tanks, in order that shipboard OCCS systems can actually be used.
“We are very happy to be able to invest in a sustainable company that supports the reduction of CO₂ emissions in Rotterdam and beyond,” said ETF-R Senior Investment Manager Reinaud Struycken. “Their innovative ‘catch & release’ technology perfectly aligns with our vision for a cleaner and more sustainable Rotterdam. They serve as a prime example of how carbon capture and storage technology can benefit this and other sectors. ETF-R is looking forward to helping Value Group grow.”
