Los Angeles-headquartered onboard carbon capture and storage (CCS) start-up Carbon Ridge Inc. reports that it has raised $9.5 million in funding, bringing its total funding to date to $15.5 milliom. The round was led by Crosscut Ventures and Western Technology Investment (WTI), with participation from existing investors the Grantham Foundation, Berge Bulk, Rusheen Capital Management and Plug and Play Ventures. Katapult Ocean, Incite, Spitzer Industries and Canopy Generation Funds also...
OCCS
New GCMD study: Ports aren’t ready to handle onboard carbon capture
Seatrium and Solvang in world’s first full-scale CCS retrofit
A study commissioned by the Singapore-based Global Center for Maritime Decarbonization (GCMD) finds that a lack of port readiness may present a carbon capture bottleneck. It comes as on board carbon capture and storage (OCCS) systems have been getting a lot of shipowner attention lately, with one just-announced pilot program targeting a capture rate of 70% of the carbon dioxide (CO2) in the exhaust gas from the main engine of an...
Class Societies Provide More Clarity On Onboard Carbon Capture
DNV has published new guidelines for the safe installation of onboard carbon capture and storage (OCCS) systems on board ships, amid growing pressure on the shipping industry to develop effective technologies to reduce emissions as part of the ongoing maritime energy transition, reports Rivera.
Post combustion OCCSPost-combustion OCCS on board trading ships is expected to be among the most relevant methods of reducing greenhouse gas emissions on vessels where the use of...
https://mfame.guru/class-societies-provide-more-clarity-on-onboard-carbon-capture/