Under the agreement, Cory commits to exclusive cooperation with the Viking CCS project, focusing on exploring the potential transportation and storage of captured CO2 into the Viking CO2 transportation and storage project through ABP's Port of Immingham.
he investment underscores Yinson's commitment to lower greenhouse gas emissions from its offshore operations and positions Ionada's technology as a key tool in the decarbonization of FPSO (Floating Production, Storage, and Offloading) operations.
As COP28 unfolds, a groundbreaking development has emerged with 50 global oil and gas companies signing the Oil and Gas Decarbonization Charter (OGDC), marking a historic commitment to accelerate climate action.
This declaration solidifies these nations' recognition of carbon capture, utilization, and storage (CCUS) as a crucial climate tool, marking a pivotal step towards establishing a unified European market for CCUS.
The company will apply its expertise in offshore platform structural analysis, brownfield engineering, and asset life extension to assess the viability of the structure and guide necessary modifications.