Seatrium announced, on June 19, that it has signed a letter of intent (LOI) with its long-term partner, Norwegian maritime company, Solvang ASA, for the installation and retrofitting of full-scale carbon capture and storage (CCS) systems.
The LOI was formalised during this year’s Nor-Shipping trade fair in Oslo.
The collaboration further supports Solvang ASA in the decarbonisation of their fleet after the successful delivery of Clipper Eris, the world’s first ship with a full-scale turnkey retrofit of a 7MW CCS system, in February this year. Seatrium provided turnkey engineering, procurement and engineering (EPC) solutions for Clipper Eris’ CCS package.
Under the LOI, Seatrium will work on Solvang’s new series of very large gas carriers (VLGCs), configured specifically for CCS. The VLGCs is set to be the first potential candidate for a full-scale CCS retrofit and integration.
The project is expected to begin in late 2026.
As at 9.39am, shares in Seatrium are trading 2 cents lower or 0.96% down at $2.07.
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