MOL to Equip LR1 Tanker with Carbon Capture System

Member Updates,

Image courtesy of MOL.

Mitsui O.S.K. Lines, Ltd. (“MOL”) plans to equip its LR1 product tanker Nexus Victoria with the "Filtree System," an onboard CO2 capture system. This marks the first time a Japanese operator has commercially installed a CO2 capture system onboard a vessel. The system is slated for installation around the end of 2024.

The Filtree System, manufactured by Dutch emission reducing company Value Maritime B.V. (“VM”), has a scrubber function that removes 99% of sulfur oxides and particulate matter contained in exhaust gases as well as a carbon capture and storage (“CCS”) function that separates and recovers up to 10% of CO2 from the exhaust emissions. CO2 in the exhaust gases generated onboard the vessel is absorbed and captured by reacting with a special chemical substance. The chemical will be discharged ashore, and the heat-separated CO2 can be supplied to greenhouses, synthetic fuel companies, and other end users.

The Filtree System is expected to be an effective means of carbon neutralization in the shipping industry. This system is noteworthy as an initiative to promote decarbonization of existing vessels, which are difficult to convert to next-generation fuels. MOL and VM will continue working toward the realization of a carbon-neutral society by reducing GHG emissions from vessels and building a CO2 capture value chain.

The MOL Group has positioned its environmental strategy as a key element of its "BLUE ACTION 2035" management plan and set the target of achieving net zero greenhouse gas (“GHG”) emissions by 2050 in the "MOL Group Environmental Vision 2.2."  From the blue oceans, the MOL Group will contribute to the sustainable development of society and the preservation of nature, sustain people's lives, and ensure a prosperous future, by expanding business upstream and downstream in the CCS/CCUS value chain.