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SBM Offshore and MHI Forge a New Path in Offshore Carbon Capture

October 09, 2023
SBM Offshore and MHI Forge a New Path in Offshore Carbon Capture

In a significant move towards a sustainable future, SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) have announced a groundbreaking partnership. On September 15, 2023, the two industry giants signed an agreement to introduce a CO2 capture solution for Floating Production Storage and Offloading vessels (FPSO). This initiative aims to capture CO2 emissions as these vessels produce oil and gas from offshore reservoirs.

This collaboration was born out of a successful engineering and design study, which showcased the technical viability and commercial readiness of offshore CO2 capture technology. The solution will leverage MHI’s proprietary “Advanced KM CDR ProcessTM” technology, co-developed with The Kansai Electric Power Co., Inc. This technology is designed to capture CO2 emissions from the gas turbines onboard FPSOs. Impressively, it's estimated that this technology can curtail CO2 emissions from FPSO operations by up to 70%.

The partnership aligns with SBM Offshore's emissionZERO® program, which aims to offer FPSOs with near-zero emissions. By integrating MHI’s CO2 capture technology with SBM Offshore’s Fast4ward® principles, the companies hope to make a significant contribution to carbon neutrality efforts.

Olivier Icyk, Managing Director of Floating Production Solutions at SBM Offshore, expressed his enthusiasm about the partnership, emphasizing the importance of the technology in reducing the carbon footprint of FPSOs. He lauded MHI's expertise, stating that their carbon capture technology perfectly complements SBM Offshore's experience in floating energy solutions.

Kenji Terasawa, CEO and Head of Engineering Solutions at MHI, echoed this sentiment. He highlighted the importance of combining the proven technologies of both companies to decarbonize offshore greenhouse gas emissions from FPSOs. With this agreement, he believes they can accelerate the offshore carbon capture business, moving closer to a carbon-neutral society.

About the Companies:

SBM Offshore has a rich legacy of over 65 years, specializing in designing, constructing, and operating offshore energy facilities. With a global workforce of over 7,000, the company is at the forefront of decarbonizing conventional deepwater ocean infrastructure and championing renewable energy sources.

Mitsubishi Heavy Industries (MHI) Group stands as one of the world's premier industrial conglomerates, with a diverse portfolio spanning energy, smart infrastructure, industrial machinery, aerospace, and defense. MHI Group is committed to integrating cutting-edge technology with its vast experience to deliver innovative solutions that champion a carbon-neutral world.

For more information about SBM Offshore's initiatives and future plans, visit their official website. For media inquiries, contact SBM Offshore Media Relations or refer to MHI's Corporate Communications Department.

Disclaimer: This article contains forward-looking statements based on current views and assumptions. Actual results, performance, or events may differ materially from those projected. SBM Offshore does not intend to update any industry information or forward-looking statements in this release.

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