Value Maritime to decarbonise two ForestWave general cargo sister ships

Value Maritime and ForestWave Collaborate to Retrofit Cargo Vessels with Emission-Reducing Technology

Value Maritime (VM) is partnering with ForestWave, a key player in the multipurpose shortsea segment, to retrofit two 10,600 DWT general cargo vessels with VM’s advanced Filtree EGCS system and integrated Carbon Capture unit. This collaboration marks the first contract between the two companies and represents a significant step towards greener shipping.

The Filtree system, featuring carbon capture and storage technology, will be installed on the FWN Sea and FWN Sun at the Value Maritime quay in Rotterdam, Netherlands. The plug-and-play unit is based on patented technology and its compact design allows for easy installation on general cargo vessels. This innovative system can capture up to 10% of CO2 emissions, with ForestWave opting for a next-generation 3MW Filtree with the option to upgrade to a 30% carbon capture rate. The CO2 captured will be stored in dedicated onboard tanks.

The installations are scheduled for late 2024, with both companies working closely to ensure a smooth process. Caspar van Overklift, Manager ESG at ForestWave, expressed enthusiasm for the project, stating, “We look forward to welcoming the EGCS and Carbon Capture units onboard our ships. We are excited about the concept of onboard capturing and storage and the opportunities it brings, and we look forward to gaining experience as the market for captured CO2 matures.”

Maarten Lodewijks, Co-Founder of Value Maritime, also highlighted the importance of this collaboration, saying, “We would like to thank ForestWave for their collaboration. It is a privilege for all of us at Value Maritime to work with a Dutch shortsea shipping frontrunner who shares our sustainable vision. Green shipping waits for no one and ForestWave recognizes the importance of acting now.”

The Filtree system filters sulphur, CO2, and 99% of ultra-fine particulate matter from the vessels’ exhaust streams, significantly reducing emissions. The captured CO2 is stored in tanks onboard and later discharged onshore, where it can be used in sustainable applications such as greenhouse crop cultivation, methanol plants, or stored underground.

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Value Maritime’s vision is to dramatically decrease the environmental footprint of shipping and contribute to the overall sustainability of the maritime industry. Since 2017, their technology has been helping shipowners and operators achieve significant emission reductions and financial savings.

This partnership between Value Maritime and ForestWave sets a precedent for the maritime industry, demonstrating that collaborative efforts and innovative technology can lead to substantial environmental benefits. As the market for captured CO2 matures, the experience gained from this project will be invaluable in driving further advancements in green shipping.

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