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HMM partners with Panasia to study onboard carbon capture system

Scrubber manufacturers are increasingly adapting their technologies to move into the broader carbon capture domain. To that effect, South Korean HMM has just signed a memorandum of understanding (MoU) with compatriot Panasia to collaborate on developing onboard carbon capture systems. 

Under the terms of MoU, HMM and Panasia will perform a feasibility study, economic analysis and risk assessment. In addition, the handling process of captured CO2 is one of the vital areas of study. Based on research findings, HMM is expected to install the carbon capture system and perform an operational test on its vessels.

Kim Gyou-bong, HMM Chief Maritime Officer, said, “Carbon capture technologies are one of the alternatives in support of the net-zero ambitions of the global community” and added, “We will continue to participate in collaborative partnerships to develop onboard carbon capture solutions on our pathway to carbon neutrality. »

As an environmental initiative, HMM unveiled its target of reaching net-zero carbon emissions across its entire fleet by 2050. HMM explores various sustainable energy sources to achieve the target, including biofuels, LNG, hydrogen, and green ammonia. Source: HHM



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