Classification society the American Bureau of Shipping (ABS) has awarded ECOLOG, a Greek mid-stream carbon capture, utilization and sequestration (CCUS) service provider, an industry-first ISM Document of Compliance for the operation of liquified CO2 carriers on behalf of the Bermuda flag administration.
ABS audited ECOLOG to verify compliance with the International Safety Management Code.
As informed, ECOLOG plans to build and own CO2 terminals and a carrier fleet to service the emerging CCUS sector, connecting hard-to-abate emitters with cost-competitive sequestration sites and carbon utilization facilities.
“Carbon capture, utilization and storage will be critical for the decarbonization of hard to abate sectors such as steel, petrochemicals and cement. ABS is committed to supporting first movers to develop the technology and the wider carbon value chain. That is why we are proud to be able to use our insight to support ECOLOG with the development of their fleet,” Vassilios Kroustallis , ABS Senior Vice President, Global Business Development, commented.
“This Document of Compliance is a recognition of ECOLOG successfully completing a first of its kind design, operating procedures and operational framework for the ECOLOG Integrated Management System. ECOLOG is now approved to manage LCO2 carriers, continuing its pioneering role in the CCUS market and leveraging the development of a worldwide liquid CO2 carrier fleet,” Panos Deligiannis , ECOLOG Head of Shipping, said.
In related news, ECOLOG signed an investment MOU with Yesou City and Jeollanamdo Province in South Korea last week.
The company is part of a consortium of five companies to create a hydrogen cluster in Yeosu . Linde together with Hanyang Corporation will develop the hydrogen production facility utilizing LNG coming from the NEA LNG Terminal next door and adjacent to this will be the Hanyang Corporation & ECOLOG CO2 Liquefaction Terminal enabling the facilitating liquid CO2 carriers moving CO2 to ‘secure and competitively priced’ sequestration sites in the Asia Pacific region.