German chemical firm BASF has entered a memorandum of understanding (MoU) with South Korea-based shipbuilder Samsung Heavy Industries (SHI) to conduct a feasibility study on leveraging BASF’s OASE blue technology to capture CO₂ on board maritime vessels.

The OASE blue technology is expected to support sustainability and reduce costs for the capture of CO₂ in flue gas applications.

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SHI shipbuilding sales engineering head Youngkyu Ahn said: “Through cooperation with BASF, Samsung Heavy Industries has developed efficient Onboard Carbon Capture system, which will help gain a competitive advantage in a low carbon shipping market.”

Under the MoU, the firms will undertake a marinisation study along side the focused engineering, design and construction of a carbon capture unit.

BASF will provide its expertise on floating liquefied natural gas (FLNG), while SHI will assess the deployment of gas treatment technology on board vessels.

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This move is in line with the International Maritime Organisation (IMO) strategy to cut down the carbon intensity of international shipping by at least 40% by the end of the decade.

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BASF delivers a range of gas-treating solutions for different applications, including natural gas, synthesis gas and biogas.

BASF Intermediates Asia Pacific senior vice-president Vasilios Galanos said: “Leveraging our state-of-the-art OASE technology, we are pleased to expand our cooperation with SHI and support it in navigating through tightening carbon emission regulations.”

Last February, SHI won a contract worth approximately $700m for five 15,000 twenty-foot equivalent unit (TEU) liquefied natural gas (LNG)-driven container ships from a client in Asia.