BP, Shell, oil giants fund research into mobile carbon capture from ships at sea

October 26, 2020 by  
Filed under Business, Eco, Green

BP, Shell, oil giants fund research into mobile carbon capture from ships at sea Michael Holder Mon, 10/26/2020 – 00:05 A coalition of oil and gas majors are eyeing up the potential to capture carbon dioxide emissions from ships out at sea, teaming up with global tanker owner and operator Stena Bulk to evaluate the feasibility of technology they claim could play a key role in decarbonizing the hard-to-abate sector. The Oil and Gas Climate Initiative (OGCI) — which represents 12 of the world’s largest oil and gas companies including BP, Shell, Exxon, Chevron, Aramco and Petrobras — revealed recently it is funding research alongside Stena Bulk into mobile carbon capture on board ships out at sea. The project aims to evaluate the technical and economic challenges involved in capturing CO2 from ships cruising the oceans, and is in part an extension to OGCI member Saudi Aramco’s research which it claims has successfully demonstrated carbon capture on board heavy-duty trucks on roads, it said. “Carbon capture will play an important role in reducing overall greenhouse gas emissions, but there’s no reason it needs to be limited to stationary applications,” said Michael Traver, head of OGCI’s transport workstream. “Expanding carbon capture to long-distance marine shipping could help accelerate its use, while addressing a difficult to abate sector of the transport industry.” Expanding carbon capture to long-distance marine shipping could help accelerate its use. OGCI claims mobile carbon capture technologies aboard ships could help the global shipping sector reach its current climate target to cut emissions by 50 percent by 2050, from a 2008 baseline — a goal that has faced criticism from green groups for lacking ambition. The research itself is also likely to provoke renewed criticism of the OCGI’s priorities, given it focuses on CCS technologies that would in effect prolong the use of fossil fuels to power ships, rather than on alternative, low or zero carbon shipping fuels that could transition the sector away from fossil fuels altogether. But Stena Bulk President and CEO Erik Hånell argued it was “increasingly evident that we need to evaluate as many potential solutions as possible that might help decarbonize the industry.” “Carbon capture might be such a solution with the potential to play a key role in this transition, and this feasibility study presents a unique opportunity for us to work with some of our key customers to understand and assess the technical and economic challenges involved in making carbon capture work onboard vessels,” he said. The global shipping sector is responsible for around 2.5 percent of global greenhouse gas emissions, and has received flak over its failure to come up with a detailed, ambitious plan to decarbonize in line with the goals of the Paris Agreement. The global shipping sector is responsible for around 2.5 percent of global greenhouse gas emissions. In 2018 the International Maritime Organization (IMO) — the UN-affiliated body which oversees the global shipping sector — agreed on a draft target to cut global emissions by at least 50 percent by 2050 compared to 2008, alongside targets to cut the average carbon intensity by at least 40 percent by 2030. However, details of the strategy have yet to be fully thrashed out, and crunch negotiations over how the industry should go about meeting its near-term 2030 climate goals are set to kick off today at the IMO, amid concerns from green groups that current proposals amount to an “empty shell. ” Meanwhile, the OGCI today announced that its members collectively have reduced the cut their absolute upstream methane emissions by 22 percent since 2017, shrinking the methane intensity of members’ upstream oil and gas to operations to 0.23 percent. It surpasses its target to cut methane intensity to 0.25 percent by 2020, and as such the OGCI has set a stricter goal of 0.2 percent by 2025. Moreover, the group claims to have cut its carbon intensity by 7 percent collectively since 2017, as it pushes towards its target for a 13 percent cut.  However, carbon intensity targets have faced increasing criticism from green groups, as organizations potentially can still increase their overall emissions by expanding their business while reducing the CO2 intensity of their operations.  Pull Quote Expanding carbon capture to long-distance marine shipping could help accelerate its use. The global shipping sector is responsible for around 2.5 percent of global greenhouse gas emissions. Topics Oil & Gas Carbon Removal Shipping & Logistics BusinessGreen Featured in featured block (1 article with image touted on the front page or elsewhere) Off Duration 0 Sponsored Article Off Stena Conqueror is a Oil and Chemical Tanker, built by Swedish tanker giant Stena Bulk. The company is participating in a novel carbon capture project for shipping. Flickr royvanwijk Close Authorship

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BP, Shell, oil giants fund research into mobile carbon capture from ships at sea

New study finds food waste will increase to 66 tons per second if left unchecked

August 21, 2018 by  
Filed under Eco, Green

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A new analysis from Boston Consulting Group (BCG)  has found that global food waste will increase by more than 30% by 2030 if no action is taken. The figures themselves are even more alarming: a total of 2.1 billion tons of food is projected to be thrown away or, in the case of perishables, lost; this amount equates to a colossal 66 tons per second. Related: Dairy farmers’ excess milk gets a second life feeding the hungry Currently, about 1.6 billion tons of food goes to waste each year, which represents $1.2 trillion worth of food and accounts for 8% of yearly global green house emissions. And, while food loss awareness is on the rise, global attempts to deal with the issue are not. According to Shalini Unnikrishnan, a partner and managing director of BCG, attempts to deal with food waste are “fragmented, limited and ultimately insufficient given the magnitude of the problem,” In fact, the probelm will only get words as countries continue to industrialize. “As population grows rapidly in certain industrializing parts of the world, like in Asia, consumption is growing very rapidly,” Unnikrishnan observed. Related: The Agraloop turns food waste into sustainable clothing fibers One possible solution, according to BCG, is the creation of an ecolabel, such as those found on fair trade products. This ecolabel would let consumers know which companies have committed to reducing waste and make it easier to buy responsibly. However, “The scale of the problem is one that will continue to grow while we’re developing our solutions,” Unnikrishnan said. The UN hopes to halve food waste by 2030, but if governments, companies and consumers don’t make significant changes in the way they approach food – and work together to do it – there is little chance of this happening. According to Unnikrishnan, “It’s not an easy problem, no single country, no single entity can solve the entire problem on their own.” + Boston Consulting Group Via The Guardian

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New study finds food waste will increase to 66 tons per second if left unchecked

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