S'abonner

Yinson and Azule launch a major offshore carbon capture initiative

Yinson Production Pte Ltd ("YP") joins forces with Azule Energy for a carbon capture pilot project on the Agogo FPSO in Angola, a significant step towards the decarbonization of the offshore industry.

Share:

FPSO Agogo en Angola

Yinson Production Pte Ltd (YP) is currently working with Azule Energy to implement an offshore carbon capture and storage (CCS) pilot project aboard the FPSO Agogo in Angola. This initiative marks a major milestone in the realization of YP’s zero-emission FPSO concept, aimed at reducing the carbon footprint of the offshore production industry.

Emissions reduction technologies on board the FPSO Agogo

The post-combustion carbon capture system on board the FPSO Agogo is the first of its kind to be installed on a production vessel floating at sea. Designed on a pilot scale, it will be used as a demonstrator to assess its technical readiness and acquire operational expertise. This breakthrough is crucial for the future expansion of CCS technology in YP’s zero-emission FPSO projects.

In addition to the CCS installation, the Agogo FPSO will be equipped with various emission reduction technologies. These include electrification, advanced automation, digitization, a combined generation system, a seawater turbine generator, a hydrocarbon cargo tank containment system and an integrated enclosed flare. These innovations will make a significant contribution to reducing the Agogo FPSO’s overall carbon emissions, while improving its operational efficiency.

Carbon Circle Holding AS: A key player in carbon capture

Carbon Circle Holding AS was selected to design and build the CCS plant. It specializes in carbon capture and energy engineering, procurement and construction (EPC). Construction work is progressing well, with the first steel cut completed in September 2023, and all other stages on schedule.

YP’s commitment to sustainability and emissions reduction

YP CEO Flemming Grønnegaard expressed his commitment to sustainability and the reduction of greenhouse gas emissions. He emphasized that YP strives to explore and deliver sustainable energy solutions, while advising its customers on how to reduce emissions in their offshore operations. He also welcomed the convergence of objectives between YP and Azule in the implementation of emission reduction technologies, such as the CCS installation on board the FPSO Agogo.

Solid contract between YP and Azule for the Agogo FPSO in Angola

In February 2023, YP and Azule signed a solid contract for the supply, operation and maintenance of the Agogo FPSO as part of the Agogo West Hub integrated development project in Angola. This project will mark YP’s first offshore production operation in Angola, and will be the company’s eighth FPSO project in the West African region.

The partnership between Yinson Production Pte Ltd and Azule Energy on the offshore carbon capture and storage pilot project aboard the FPSO Agogo in Angola demonstrates the offshore industry’s commitment to reducing its carbon footprint. This initiative demonstrates that technological advances and innovation are essential to achieving the decarbonization objectives of the offshore production industry. The collaboration between the two companies paves the way for more sustainable energy solutions and a significant reduction in greenhouse gas emissions in the sector.

  • Popular on energynews.pro
PDVSA prepares to resume oil exports as US licensing eases
Sonatrach and Sinopec accelerate exploration of new oil basins in Algeria
Qatar threatens to divert its gas exports to Asia over European rules
TenneT invests EUR 5.5 bn in Dutch and German grids in the first half of 2025
Iberdrola and Echelon announce a joint venture for data centres in Spain
Carbon Ridge installs first centrifugal carbon capture unit on board a Scorpio Tankers vessel
Carbon Ridge reaches a major milestone by deploying the first centrifugal carbon capture technology on a Scorpio Tankers oil tanker, alongside a new funding round exceeding $20mn.
Elimini and HOFOR sign an agreement for a large-scale BECCS project in Copenhagen
Elimini and HOFOR join forces to transform the AMV4 unit at Amagerværket with a BECCS project, aiming for large-scale CO₂ capture and the creation of certified carbon credits. —
Carbonova secures $3.20mn for a pilot carbon nanofiber unit in Calgary
Carbonova receives $3.20mn from the Advanced Materials Challenge programme to launch the first commercial demonstration unit for carbon nanofibers in Calgary, accelerating industrial development in advanced materials.
Chestnut Carbon secures pioneering non-recourse financing of $210mn for afforestation in the U.S.
Chestnut Carbon has secured a non-recourse loan of $210mn led by J.P. Morgan, marking a significant step for afforestation project financing and the growth of the U.S. voluntary carbon market.
TotalEnergies invests in sustainable forestry management with NativState in the United States
TotalEnergies seals partnership with NativState to develop thirteen forestry management projects across 100,000 hectares, providing an economic alternative to intensive timber harvesting for hundreds of private landowners.
Drax strengthens its lead as the UK’s top carbon emitter in 2024
Drax’s generation site recorded a 16% rise in its emissions, consolidating its position as the UK’s main emitter, according to analysis published by think tank Ember.
Graphano Energy unveils an initial resource estimate for the Lac Saguay graphite deposit
Graphano Energy announces an initial mineral resource estimate for its Lac Saguay graphite properties in Québec, highlighting immediate development potential near major transport routes, supported by independent analyses.
Carbon2Nature and Uría Menéndez launch reforestation of 90 hectares in Salamanca
Carbon2Nature, a subsidiary of Iberdrola, partners with law firm Uría Menéndez on a 90-hectare reforestation project in Sierra de Francia, targeting carbon footprint compensation for the legal sector.
First commercial seaweed harvest completed in Dutch offshore wind farm
North Sea Farmers has carried out the very first commercial-scale seaweed harvest in an offshore wind farm, supported by funding from the Amazon Right Now climate fund.
NWF injects GBP 28.6 million into Peak Cluster project for CO₂ capture
The UK's National Wealth Fund participates in a GBP 59.6 million funding round to finance a CO₂ capture pipeline for the cement and lime industry, targeting a final investment decision by 2028.
Bayou Bend accelerates carbon storage on the US Gulf Coast
The Bayou Bend project, led by Chevron, Equinor, and TotalEnergies, aims to become a major hub for industrial carbon dioxide storage on the US Gulf Coast, with initial phases already completed.
Chloris Geospatial raises $8.5M to scale satellite-based forest carbon monitoring
US-based Chloris Geospatial has raised $8.5M from international investors to expand its satellite-based forest monitoring capabilities and strengthen its commercial position in Europe, addressing growing demand in the carbon market.
Ottawa injects CAD21.5mn ($15.8mn) into new carbon capture projects
The federal government is funding three carbon capture, utilisation and storage initiatives in Alberta, strengthening national energy competitiveness and preparing infrastructure aligned with long-term emission-reduction goals.
Donald Trump significantly increases US tax credits for carbon capture
Donald Trump approves a substantial increase in US tax credits aimed at carbon capture and utilization in oil projects, significantly reshaping economic outlooks for the energy sector and drawing attention from specialized investors.
EU Unlocks €2.1 Billion to Protect its Exporters from Carbon Costs
The European Union unveils a plan aimed at protecting its exporting industries from rising carbon policy costs, using revenue generated from its border adjustment mechanism.
Colombian Carbon Market Under Pressure: Excess Credits and Waning Confidence
Colombia is experiencing a significant drop in voluntary carbon credit prices due to a major oversupply, destabilizing the financial balance of associated communities and projects.
France and Norway formalize an agreement on cross-border CO₂ transport
France and Norway sign an agreement facilitating the international transport of CO₂ to offshore geological storage facilities, notably through the Northern Lights project and the CO₂ Highway Europe infrastructure.
Frontier signs offtake agreement for 120 000 tonnes of BECCS credits
Frontier Infrastructure Holdings has signed an offtake agreement with manager Wild Assets for up to 120 000 tonnes of BECCS credits, underscoring the voluntary market’s growing appetite for traceable, high-permanence carbon removals.
Wood Mackenzie forecasts $1.35 trillion for CCUS and carbon credits markets
Global carbon capture and offset credit markets could exceed $1.35 trillion by 2050, driven by private investment, technological advances, and regulatory developments, according to analysis published by Wood Mackenzie.
Australian Carbon Credit Market: New Players Influence Price Dynamics
The Australian carbon credit market is experiencing temporary price stabilization, while the emergence of new alternative financial instruments gradually attracts corporate attention, subtly altering the commercial and financial dynamics of the sector.

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING