Norway-based Teco 2030 and US-based Chart Industries have signed a memorandum of understanding (MoU) to mutually develop marine carbon capture and storage (CCS) solutions for vessels.
Under the three-year agreement, the companies will use the Cryogenic Carbon Capture (CCC) technology for developing onboard carbon capture solutions for ships.
The CCC technology has been developed by Sustainable Energy Solutions, which was taken over by Chart last December.
It will help in isolating the carbon...