GasLog newbuildings at DSME to be equipped with carbon capture system

GasLog, Daewoo Shipbuilding & Marine Engineering and classification society ABS are teaming up to develop a carbon capture and storage system on board LNG ships.

The project aims to install the systems on four LNG newbuildings that the Greek company has under construction at the South Korean yard.

The three partners said on Friday that they will complete the joint development project for the onboard CO₂ capture and storage system (OCCS) in the first quarter of 2023.

The goal is to install it on the GasLog LNG carriers, which are scheduled for delivery gradually from the first half of 2024.

“At Gaslog we firmly believe that onboard carbon capture will become one of the main methods to reduce emissions from shipping and contribute to keeping global temperature increase to 1.5C,” chief operating officer Kostas Karathanos said.

GasLog principal Peter Livanos is betting heavily on the technology.

On Thursday, separate Livanos-backed venture EcoLog unveiled Bechtel, an engineering construction and procurement company, as its new partner in designing planned CO₂ import and export terminals.

GasLog ordered the quartet of 174,000-cbm LNG carrier newbuildings at DSME last November for about $207m each.

At the time, it was said that they would be equipped with the yard’s latest design, incorporating MAN ME-GI main engines, which have an advanced reliquefaction and gas management system that greatly reduces emissions.

Made in Posidonia

GasLog, ABS and DSME signed their OCCS cooperation agreement on 6 June, the opening day of Posidonia.

“Through this agreement, the three companies plan to form a joint working-level council to design an optimal OCCS for actual application to an LNG carrier to be built by DSME, and verify the system through various risk analysis and tests required for installation and operation,” they said.

“At the same time, the project will seek to obtain Approval In Principle for the OCCS.”

DSME said it already owns OCCS-related patents and intellectual property rights through cooperation with a South Korean equipment company it did not identify.

GasLog is to undertake the technical requirements and provide ship management-related know-how for the system’s design evaluation.

ABS will guide the process by providing technical advice and “overall rules and regulations for OCCS development”.