World News
DNV Sees Carbon Capture as Potentially Competitive Maritime Decarbonisation Tech
Onboard carbon capture systems could potentially be a competitive means of decarbonising parts of the shipping industry, according to classification society DNV.
The company has published a new white paper looking at the prospects for the technology.
Comparing the technology against prices for fuel oil, LNG, methanol and ammonia, assuming a 70% carbon capture rate. the study found the systems promising, as long as the costs for discharging the captured carbon and the extra fuel costs for running the systems can be kept low.
"The case study showed that onboard carbon capture was economically viable for a low-cost scenario (15% fuel penalty and deposit cost of 40 USD/tCO2), and competitive for a high-cost scenario (30% fuel penalty and deposit cost of 80 USD/tCO2)," the company said in the report.
"If onboard carbon capture technologies can reach low fuel penalties and the CCUS industry can offer low CO2 deposit costs, onboard carbon capture will be an economically competitive decarbonization strategy."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 623.00 | 7.00 | 758.00 | 7.50 |
| Rotterdam | 570.00 | 7.50 | 766.00 | 3.00 |
| Houston | 611.00 | 13.00 | 784.50 | 11.00 |
| Fujairah | 623.50 | 9.50 | 861.50 | 10.00 |
| Global 20 Ports Average | 633.50 | 6.00 | 844.00 | 0.00 |
| Global 4 Ports Average | 607.00 | 9.50 | 792.50 | 8.00 |
| Global Average Bunker Price | 672.50 | 7.00 | 899.50 | 1.00 |
Popular Now More
-
Jun 25Revenue sank to $14.5 billion from $16.6 billion a year earlier. -
Jun 25Bunker Holding's earnings were hit by the termination of cargo activities in Africa, its parent company said. -
Jun 24While for previous editions it has taken several years for new ISO specifications to be used widely in bunker deals, a much faster turnaround is expected this time.