ANDRITZ Forms Alliance to Advance Carbon Capture Technology in Maritime Sector
ANDRITZ and MISC have entered into a strategic partnership to develop carbon capture equipment for the maritime industry. On January 18, 2023, a Memorandum of Understanding (MoU) was signed to make the partnership official.
"MISC's partnership with ANDRITZ shows that it is committed to helping the maritime industry find ways to deal with carbon capture. We are both global leaders in our respective industries, and this strategic partnership opens up new opportunities to develop solutions in the carbon capture and storage value chain,” says Captain Rajalingam Subramaniam, MISC President & Group Chief Executive Officer.
ANDRITZ is a supplier of environmental technologies for the maritime industry, including solutions for exhaust gas cleaning and carbon capture. They have recently delivered a carbon capture plant for the cement industry. Through their partnership with MISC, a global leader in energy-related maritime solutions and services, they will focus on developing and promoting carbon capture equipment and systems. They will also offer engineering, procurement, construction, and commissioning services for carbon capture systems for both maritime and land-based applications.
The MoU that ANDRITZ and MISC signed is part of a larger effort to work together to find ways to capture and store carbon in the maritime value chain. The initiative is led by MISC and also involves partnerships with Mitsui & Co. and Samsung Heavy Industries.
“At ANDRITZ, we are constantly striving to expand our portfolio of solutions that help protect the environment and combat climate change. We are happy and proud to be part of MISC’s initiative in developing and offering solutions for carbon capture in the maritime industry,” says Harald Reissner, Senior Vice President, ANDRITZ Air Pollution Control.
MISC, based in Malaysia, is a world leader in providing maritime solutions and services related to energy. The company has been in the shipping business for 50 years and runs a fleet of around 100 owned and chartered-in vessels.