Hanwha Ocean receives ABS' AiP for onboard carbon capture system

Jan 26, 2024

South Korean shipbuilder Hanwha Ocean, formerly Daewoo Shipbuilding and Marine Engineering (DSME), has received ABS’ approval in principle (AIP) for onboard carbon capture technology.

As explained, the emissions reduction technology captures CO2 from the exhaust gas by the process of absorption, regeneration and separation.

To date, a feasibility study, risk assessment and basic engineering for an onboard carbon capture system have been completed by Hanwha Ocean and supported by ABS Engineering in Busan and ABS Technology in Houston.

“Carbon capture onboard is going to be a critical technology in the industry’s push for net zero. We are proud to be able to use our insight to support this technology from Hanwha Ocean, which promises to materially advance the adoption of onboard carbon capture technology at sea,” said John McDonald, ABS Executive Vice President and Chief Operating Officer.

In December last year, South Korea’s defense and energy conglomerate Hanwha Group signed a $1.5 billion deal for the acquisition of a controlling stake in compatriot shipbuilder DSME. The firm is set to undergo a significant transformation under the Hanwha Group.

Moving forward, DSME aims to leverage its expertise and competitiveness in the maritime industry, with a strategic focus on LNG carriers and containerships, while also pursuing high-value-added contracts and advancing eco-friendly initiatives in shipbuilding.

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