HMM and Panasia to study onboard carbon capture

Under the terms of MoU, HMM and Panasia will perform a feasibility study, economic analysis and risk assessment. In addition, the handling of captured CO2 will also be studied.

HMM is expected to install the carbon capture system and perform an operational test on its vessels.

Kim Gyou-bong, HMM Chief Maritime Officer, said, “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 aims to reach net-zero carbon emissions across its entire fleet by 2050. The company is also evaluating various sustainable energy sources to achieve the target, including biofuels, LNG, hydrogen, and green ammonia.