ABS Grants Industry-First Approval to ECOLOG for LCO2 Carrier Operations

Posted by PartYard Marine
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In a significant stride towards advancing carbon capture, utilization, and sequestration (CCUS) solutions, the American Bureau of Shipping (ABS) has awarded ECOLOG, a prominent Greek mid-stream CCUS service provider, with a groundbreaking approval. ECOLOG has secured the International Safety Management (ISM) Document of Compliance from ABS, marking an industry-first milestone for the operation of liquefied CO2 (LCO2) carriers under the Bermuda flag administration.

Picture: A significant LCO2 carrier crafted by MOL. Courtesy of MOL.

The approval, obtained after a meticulous audit conducted by ABS, underscores ECOLOG’s commitment to adhering to the highest safety standards and regulatory requirements. This recognition positions ECOLOG as a pioneering force in the CCUS sector, with plans underway to build and manage CO2 terminals alongside a dedicated carrier fleet. These assets are poised to serve as vital links in the emerging CCUS landscape, facilitating the transport of CO2 from hard-to-abate emitters to sequestration sites and carbon utilization facilities.

Vassilios Kroustallis, Senior Vice President of Global Business Development at ABS, emphasized the pivotal role of CCUS technologies in decarbonizing industries such as steel, petrochemicals, and cement. ABS remains committed to supporting innovators like ECOLOG in shaping the future of the carbon value chain.

Echoing this sentiment, Panos Deligiannis, ECOLOG’s Head of Shipping, hailed the ISM Document of Compliance as a testament to the company’s pioneering endeavors. ECOLOG’s Integrated Management System, meticulously designed and implemented, has positioned the company to manage LCO2 carriers effectively, further solidifying its leadership in the CCUS market.

In parallel developments, ECOLOG recently inked a memorandum of understanding (MOU) with Yesou City and Jeollanamdo Province in South Korea, signaling its expanding footprint in the Asia Pacific region. As part of a consortium comprising five companies, ECOLOG is set to contribute to the establishment of a hydrogen cluster in Yeosu. Teaming up with Linde and Hanyang Corporation, ECOLOG will play a pivotal role in the development of a hydrogen production facility and a CO2 liquefaction terminal, facilitating the movement of liquid CO2 to strategically located sequestration sites.

With these strategic partnerships and industry-first approvals, ECOLOG is poised to play a central role in advancing CCUS solutions, fostering sustainable practices, and driving the global transition towards a low-carbon future.

In a significant stride towards advancing carbon capture, utilization, and sequestration (CCUS) solutions, the American Bureau of Shipping (ABS) has awarded ECOLOG, a prominent Greek mid-stream CCUS service provider, with a groundbreaking approval. ECOLOG has secured the International Safety Management (ISM) Document of Compliance from ABS, marking an industry-first milestone for the operation of liquefied CO2 (LCO2) carriers under the Bermuda flag administration.

The approval, obtained after a meticulous audit conducted by ABS, underscores ECOLOG’s commitment to adhering to the highest safety standards and regulatory requirements. This recognition positions ECOLOG as a pioneering force in the CCUS sector, with plans underway to build and manage CO2 terminals alongside a dedicated carrier fleet. These assets are poised to serve as vital links in the emerging CCUS landscape, facilitating the transport of CO2 from hard-to-abate emitters to sequestration sites and carbon utilization facilities.

Vassilios Kroustallis, Senior Vice President of Global Business Development at ABS, emphasized the pivotal role of CCUS technologies in decarbonizing industries such as steel, petrochemicals, and cement. ABS remains committed to supporting innovators like ECOLOG in shaping the future of the carbon value chain.

Echoing this sentiment, Panos Deligiannis, ECOLOG’s Head of Shipping, hailed the ISM Document of Compliance as a testament to the company’s pioneering endeavors. ECOLOG’s Integrated Management System, meticulously designed and implemented, has positioned the company to manage LCO2 carriers effectively, further solidifying its leadership in the CCUS market.

In parallel developments, ECOLOG recently inked a memorandum of understanding (MOU) with Yesou City and Jeollanamdo Province in South Korea, signaling its expanding footprint in the Asia Pacific region. As part of a consortium comprising five companies, ECOLOG is set to contribute to the establishment of a hydrogen cluster in Yeosu. Teaming up with Linde and Hanyang Corporation, ECOLOG will play a pivotal role in the development of a hydrogen production facility and a CO2 liquefaction terminal, facilitating the movement of liquid CO2 to strategically located sequestration sites.

With these strategic partnerships and industry-first approvals, ECOLOG is poised to play a central role in advancing CCUS solutions, fostering sustainable practices, and driving the global transition towards a low-carbon future.

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