ABS gives ‘industry 1st’ approval to ECOLOG for operation of LCO2 carriers

Category society the American Bureau of Shipping (ABS) has actually granted ECOLOG, a Greek mid-stream carbon capture, usage and sequestration (CCUS) provider, an industry-first ISM Document of Compliance for the operation of liquified CO2 providers on behalf of the Bermuda flag administration.

ABS examined ECOLOG to validate compliance with the International Safety Management Code.

As notified, ECOLOG strategies to construct and own CO2 terminals and a provider fleet to service the emerging CCUS sector, linking hard-to-abate emitters with cost-competitive sequestration websites and carbon usage centers.

“Carbon capture, usage and storage will be crucial for the decarbonization of difficult to ease off sectors such as steel, petrochemicals and cement. ABS is dedicated to supporting very first movers to establish the innovation and the larger carbon worth chain. That is why we are happy to be able to utilize our insight to support ECOLOG with the advancement of their fleet,” Vassilios KroustallisABS Senior Vice President, Global Business Development, commented.

“This Document of Compliance is an acknowledgment of ECOLOG effectively finishing a very first of its kind style, running treatments and functional structure for the ECOLOG Integrated Management System. ECOLOG is now authorized to handle LCO2 providers, continuing its pioneering function in the CCUS market and leveraging the advancement of an around the world liquid CO2 provider fleet,” Panos DeligiannisECOLOG Head of Shipping, stated.

In associated news, ECOLOG signed a financial investment MOU with Yesou City and Jeollanamdo Province in South Korea recently.

The business belongs to a consortium of 5 business to produce a hydrogen cluster in Yeosu. Linde together with Hanyang Corporation will establish the hydrogen production center making use of LNG originating from the NEA LNG Terminal next door and surrounding to this will be the Hanyang Corporation & & ECOLOG CO2 Liquefaction Terminal allowing the assisting in liquid CO2 providers moving CO2 to ‘protect and competitively priced’ sequestration websites in the Asia Pacific area.