Latest news with #ChaseDwyer
Yahoo
30-07-2025
- Automotive
- Yahoo
Carbon Ridge and Scorpio Tankers deploy first centrifugal carbon capture
Carbon Ridge, in collaboration with Scorpio Tankers, has deployed what it claims to be the shipping industry's first centrifugal onboard carbon capture system (OCCS) on an LR2 product tanker owned by Scorpio Tankers. The pilot project commenced in July at Besiktas Shipyard in Turkey aboard the STI SPIGA. Carbon Ridge's OCCS technology is designed to be modular, cost-effective, and efficient, while providing enhanced capture efficiency and reducing space requirements by up to 75% in comparison to traditional technologies. The flexible installation options of the system allow for both vertical and horizontal configurations to suit various vessel designs. The captured CO2 is compressed, liquefied, and safely stored for the duration of the voyage. By integrating advanced onboard OCCS technology with a comprehensive logistics solution for captured CO2, Carbon Ridge provides a complete turnkey solution that guarantees full compliance with maritime and regional regulations throughout the entire value chain. The technology is designed for both retrofitting and seamless integration into new builds. It is scalable, independent of fuel type, and provides ship owners with flexibility to reduce their carbon footprint without major overhauls to propulsion systems. Carbon Ridge CEO and founder Chase Dwyer said: 'Unlike other CCS solutions, which are designed to be deployed on land and then adapted for ocean operation, we have specifically designed and developed this technology for the maritime industry. 'The centrifugal carbon capture system is unlike anything that has been deployed on a vessel before and, offers a cost effective, flexible and modular solution to support the maritime industry in its decarbonisation efforts. Our ambition is to lead the way for CCS in shipping, and we are excited to see the results of this deployment with our partner Scorpio Tankers.' Carbon Ridge has secured additional funding, led by Katapult Ocean and Alfa8, with contributions from Crosscut Ventures and Berge Bulk. This investment brings the company's total funding to more than $20m, bolstering its position as a leader in maritime carbon capture solutions. Scorpio Tankers chief operating officer Cameron Mackey said: 'We're proud to be part of this pilot project with Carbon Ridge, as they not only represent the leading edge of CCS technology, but they also have the requisite understanding of our industry to develop and implement practical solutions.' "Carbon Ridge and Scorpio Tankers deploy first centrifugal carbon capture" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
29-07-2025
- Business
- Business Wire
Carbon Ridge Deploys Shipping's First Centrifugal Carbon Capture System in Partnership with Scorpio Tankers
SANTA MONICA, Calif. & HOUSTON--(BUSINESS WIRE)--Carbon Ridge, a leading developer of onboard carbon capture and storage solutions for the maritime industry, has achieved a shipping industry first with the successful deployment of a centrifugal onboard carbon capture system (OCCS) aboard an LR2 product tanker owned by Scorpio Tankers Inc. "We're proud to be part of this pilot project with Carbon Ridge, as they not only represent the leading edge of CCS technology, but they also have the requisite understanding of our industry to develop and implement practical solutions." - Cameron Mackey Share The groundbreaking pilot marks the first deployment of a centrifugal OCCS system in maritime operations, establishing Carbon Ridge as the pioneer in bringing this method of carbon capture to the shipping industry. Conducted in partnership with Scorpio Tankers Inc., a global leader in the seaborne transportation of refined petroleum products, the pilot aboard the vessel signals a significant milestone in the development and scaling of advanced OCCS solutions within the shipping industry. The pilot commenced in July at Besiktas Shipyard in Turkey aboard the STI SPIGA. Carbon Ridge's technology offers a modular design that reduces both initial capital investment and ongoing operational costs while delivering superior capture efficiency compared to conventional technologies. The technology's compact design means that space requirements are reduced by up to 75% compared to conventional OCCS columns, while its flexible installation options - vertical or horizontal depending on vessel constraints - accommodate the requirements of shipping's diverse and globally operational fleet. Captured CO2 is compressed, liquefied, and stored safely for the duration of the voyage. Combining optimized onboard OCCS technology with an end-to-end logistics solution for captured CO2, Carbon Ridge offers a turnkey solution that ensures full value-chain compliance with maritime and regional regulations. Designed for both retrofit and seamless newbuild integration, the technology is future proof and scalable, agnostic to fuel type, and offers ship owners flexibility within their fleet decarbonization strategies without requiring major propulsion system overhauls. By integrating proven centrifugal technology into a compact, purpose-built system for the marine environment, Carbon Ridge is unlocking a scalable pathway for shipowners and charterers to meet increasingly stringent regulatory and climate targets. Carbon Ridge also completed an additional financing led by Katapult Ocean and Alfa8, with participation from Crosscut Ventures and Berge Bulk. This brings the company's total funding to over $20M USD. Speaking on the pilot, Chase Dwyer, CEO and Founder, Carbon Ridge said: 'Unlike other CCS solutions, which are designed to be deployed on land and then adapted for ocean operation, we have specifically designed and developed this technology for the maritime industry. The centrifugal carbon capture system is unlike anything that has been deployed on a vessel before and, offers a cost effective, flexible and modular solution to support the maritime industry in its decarbonization efforts. Our ambition is to lead the way for CCS in shipping, and we are excited to see the results of this deployment with our partner Scorpio Tankers.' Cameron Mackey, Chief Operating Officer of Scorpio Tankers Inc. said: "We're proud to be part of this pilot project with Carbon Ridge, as they not only represent the leading edge of CCS technology, but they also have the requisite understanding of our industry to develop and implement practical solutions. We look forward to the results of the pilot and our continuing partnership as we face the challenges of decarbonisation for shipping." Notes to Editors About Carbon Ridge Based in Santa Monica, California, and Houston, Texas, Carbon Ridge is a leading developer of onboard carbon capture and storage (OCCS) solutions for the maritime industry. Its modular, scalable, and fuel-agnostic technology provides a low-cost, near-term pathway to reduce greenhouse gas emissions from commercial shipping. Designed for seamless integration with vessel exhaust systems, Carbon Ridge's OCCS enables up to a 75% reduction in equipment size and volume compared to conventional CCS systems and is engineered to withstand the rigor of maritime operations. Carbon Ridge's system enables a 90%+ reduction in CO₂ emissions and eliminates over 99% of particulate matter, NOₓ, and SOₓ, delivering a comprehensive approach to meeting and exceeding IMO global regulations. In addition to onboard carbon capture, Carbon Ridge offers end-to-end carbon solutions - including CO₂ transportation, sequestration, and credit monetization - providing shipowners with a complete turnkey decarbonization platform. For more information, visit About Scorpio Tankers Inc Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns or lease finances 99 product tankers (38 LR2 tankers, 47 MR tankers and 14 Handymax tankers) with an average age of 9.4 years. Additional information about the Company is available at the Company's website
