2023-09-15 06:43:09 ET
SBM Offshore ( OTCPK:SBFFF ) and Mitsubishi Heavy Industries ( OTCPK:MSBHF ) announce a partnership whereby they will offer a CO 2 capture solution for Floating Production Storage and Offloading vessels (or FPSO) as they are producing oil and gas from offshore reservoirs.
It is estimated that the CO 2 capture technology can reduce CO 2 emissions from overall FPSO operations by up to 70%.
"The signing of this Partnership Agreement marks a key development within our emissionZERO® program, whose goal is to provide FPSOs with near-zero emissions. The technology, which we are now able to offer clients, is an essential solution to substantially reduce the carbon footprint of our FPSOs. We are pleased to partner up with MHI, a top player whose carbon capture technology perfectly complements our leading experience in floating energy solutions." commented Kenji Terasawa, CEO and Head of Engineering Solutions at MHI.
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SBM Offshore and Mitsubishi Heavy Industries partner to cut CO2 emissions