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Yinson Production has invested in an innovative carbon capture technology developed by Canadian scrubber maker Ionada as part of its commitment to reduce greenhouse gas emissions from its offshore operations.
The Singapore-based offshore unit of the Malaysian Yinson Group said Ionada’s technology has “enormous potential” to support the offshore oil and gas industry’s transition to low-carbon operations and that it presents new business opportunities to decarbonise the hard-to-abate industries and facilitates Yinson to take part in the carbon credit value chain.
Ionada 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. Based on Ionada’s current phase of in-lab studies, its carbon capture technology has the capability of reducing more than 95% of carbon emissions, Yinson said.
Commenting on the investment, Lars Gunnar Vogt, Yinson Production’s chief technical officer, said: “Yinson Production is always looking for the latest technological ideas and breakthroughs in decarbonising offshore production. Our investment in Ionada’s advanced carbon capture technology is a significant step towards our commitment to lowering our carbon footprint. Our aim is to revolutionise carbon capture and sequestration within the energy sector, and this partnership with Ionada is a significant milestone in that journey.”
Most recently, Yinson Production announced an investment in a Norway-based developer of direct air capture projects, Carbon Removal. The company is currently developing a plant located in Øygarden, Norway, which aims to capture and remove around 500,000 tonnes of carbon dioxide per year for permanent storage under offshore saline aquifers. The ambition is to permanently store the captured carbon in the Northern Lights, Norway’s flagship carbon transport and storage infrastructure network. |
