Thursday, June 26, 2025
Home News HMM and PANASIA partner on onboard carbon capture system

HMM and PANASIA partner on onboard carbon capture system

South Korean container line HMM has signed a Memorandum of Understanding (MoU) with global eco-friendly and energy system company PANASIA to collaborate on onboard carbon capture system for vessel application.

HMM said in a statement that onboard carbon capture system is an advanced technology to capture CO2 from greenhouse gas emissions generated during vessel operation, ensuring it is not emitted into the atmosphere.

“This solution has the potential to play a significant role in reducing CO2 emissions,” pointed out HMM.

Under the terms of MoU, the two partners will perform a feasibility study, economic analysis and risk assessment. In addition, the handling process of captured CO2 is one of the vital areas of study. Based on research findings, the ocean carrer is expected to install the carbon capture system and perform an operational test on its vessels.

[From left to right] Kim Gyou-bong, chief maritime officer of HMM, and Lee Mingeul, vice president of PANASIA.
Kim Gyou-bong, HMM chief maritime officer, commented, “Carbon capture technologies are one of the alternatives in support of the net-zero ambitions of the global community. We will continue to participate in collaborative partnerships to develop onboard carbon capture solutions on our pathway to carbon neutrality.”

HMM unveiled its target of reaching net-zero carbon emissions across its entire fleet by 2050 and explores various sustainable energy sources to achieve the target, including biofuels, LNG, hydrogen, and green ammonia.





Antonis Karamalegkos
Managing Editor

Latest Posts

Port of Barcelona strengthens position as investment magnet with new agreements

Port of Barcelona Management Board has approved four strategic initiatives to enhance competitiveness, expand logistics capacity, advance sustainability, and modernize facilities. At first, Terminal Investments...

Global bunker prices on downward trend

Global bunker indices tracked by Marine Bunker Exchange (MABUX) fell sharply in the 26th week of the year, driven by expectations that a ceasefire...

Mawani signs privatization contracts for cargo terminals at eight Saudi ports

In a major step toward advancing Saudi Arabia’s logistics infrastructure, the Saudi Ports Authority (Mawani) has signed privatization contracts for multipurpose cargo terminals at...

What Makes a Good Personal Injury Lawyer?

A good personal injury lawyer can be an invaluable ally, guiding you through the legal complexities and fighting for the compensation you deserve after...

Greening biopharma supply chains with sustainable shipping solutions

The biopharma industry is increasingly focusing on sustainability, driven by a global push towards eco-friendly practices. As environmental concerns rise, companies are urged to...
error: Content is protected !!