Yinson Production Offshore Pte Ltd is investing in Ionada PLC a company known for its innovative carbon capture technology in the maritime emission area.
The group said Ionada’s technology has enormous potential to support the offshore oil and gas industry’s transition to low-carbon operations. Furthermore, the technology presents new business opportunities to decarbonise the hard-to-abate industries and facilitates it to participate in the carbon credit value chain.
Ionada, is a pioneer in maritime emissions control, develops, manufactures, and markets exhaust gas cleaning systems that reduce emissions from the marine and power generation industries. It has developed a process for post-combustion carbon capture, that combines proprietary hollow fibre membrane contactors with proven amines absorbents. This modular carbon capture system is designed and engineered for small, to mid-sized industrial emitters, including the energy, marine, and e-fuels industries. It has conducted extensive research and development and completed successful testing in a lab setting.
Yinson said the technology complements the group’s Zero Emissions FPSO concept and bodes well with its climate strategy and investment to support a sustainable and inclusive energy transition. Based on the company’s current phase of in-lab studies, its carbon capture technology has the capability of reducing more than 95% of carbon emissions. This will present a strong potential to revolutionise carbon capture and sequestration within the energy sector.
