Ecochlor, Inc. announced a Letter of Intent (LOI) agreement with global provider of shipping transportation services, Diana Shipping (Diana), and carbon capture and storage (CCS) specialist, Sinotech CCS Co., Ltd (Sinotech). The LOI includes the installation of a Sinotech scrubber and CCS system onboard one of Diana’s capesize bulk carriers, the MV G.P. Zafirakis.
This system is designed to capture 25% of the CO2 emitted within the exhaust gas and temporarily storing it onboard in liquified form (LCO2). Sinotech will provide the expertise for a full feasibility study, engineering and overall turn-key package for the installation, crew training as well as full support towards type approval certification of the installed system by vessel’s administration. Sinotech will also handle the offloading and disposal of the captured CO2 in China. The installation is intended to take place at a Chinese shipyard, most likely in Zhoushan City, Zhejiang Province.
Furthermore, the LOI expressed the intention of the parties to explore potential business opportunities and lay the groundwork for future cooperation on matters beyond this initial scrubber and CCS installation.
In early 2022, Sinotech received an Approval in Principal (AiP) certificate for marine CCS products from Lloyd’s Register (LR), Nippon Kaiji Kyokai (Class NK), and Bureau Veritas (BV). Using years of land-based CCS data and optimizations, Sinotech is in a position today to showcase the very low energy input required to achieve the recommended CO2 capture rates.
This LOI marks a significant milestone in the ongoing efforts to improve the maritime industry’s environmental sustainability, and Ecochlor, Sinotech, and Diana Shipping are proud to join forces and play a leading role in this endeavor.