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Chevron Company, by its subsidiary Chevron Transport Firm LLC, has entered into an settlement with Sembcorp Marine Repairs & Upgrades Pte. Ltd, an entirely owned subsidiary of Sembcorp Marine Ltd, intending to scale back the carbon depth of their LNG fleet operations. Below the settlement, with Sembcorp Marine’s help, Chevron will set up new applied sciences aboard Chevron vessels to help their power transition targets. The adjustments are additionally in alignment with decarbonisation targets set by the Worldwide Maritime Group (IMO).
Chevron goals to decrease the carbon footprint of LNG transportation by putting in new applied sciences corresponding to a reliquefication system, hull air lubrication, and a brand new fuel compressor. Collectively, these adjustments are anticipated to scale back cargo boil-off, decrease gas consumption and enhance volumes of cargo delivered.
“We’re excited to work with Sembcorp Marine to assist us advance our decrease carbon targets,” stated Mark Ross, President of Chevron Transport Firm. “We consider LNG will likely be a key element of the worldwide power transition for years to return, and Chevron is concentrated on persevering with its disciplined capital funding in our LNG fleet.”
Sembcorp Marine has important experience in complicated LNG fleet modifications and has a confirmed observe document for decrease carbon options for the maritime {industry}. Sembcorp Marine will present Chevron with engineering, procurement, set up, and commissioning (EPIC) companies and expects to finish the work by mid-2025.
Wong Weng Solar, Sembcorp Marine President and CEO, adde: “Sembcorp Marine is dedicated to advancing environmental sustainability by the event of industry-leading options. Working with Chevron on its LNG fleet upgrades is an instantaneous approach to speed up the decreasing of the carbon footprint within the maritime {industry}, to attain the IMO’s goal to scale back emissions from worldwide transport by at the least half by 2050, in comparison with the degrees in 2008.”
Learn the article on-line at: https://www.lngindustry.com/lng-shipping/28022023/chevron-announces-lower-carbon-lng-fleet-modification-project-with-sembcorp-marine/
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