Sustainability pioneer Value Group (Value Maritime and Value Carbon) is pleased to announce that Shell Ventures has joined Value Group’s investor base to accelerate and expand Value Group’s carbon capture utilization and storage strategy. Shell Ventures, the corporate venture capital arm of Shell, supports companies in their early, scale and growth phases, providing investments that stimulate the development of new technologies and disruptive business models to lower emissions and accelerate the energy transition, sources Value Maritime.
Comprehensive Carbon Care
Since 2017, Value Maritime has supported multiple shipowners and operators in reducing their emissions with its Filtree System. This unique system cleans sulfur, ultra-fine particulate matter and CO2 from ships’ exhaust emissions as well as oil residue and particulate matter from the vessels’ washing water. As a result, the Filtree System supports both the lowering of CO2 emissions and a reduction of acidification of seawater. The Filtree System also features an integrated carbon capture feature that allows ships to store the CO2 they collect onboard in dedicated fixed tanks or non-fixed battery containers. These onboard storage facilities are filled with CO2, which can then be sustainably offloaded in port for re-use or storage elsewhere.
Global Boost For Emission Reduction
With Shell Ventures’ support, Value Group aims to accelerate its strategy throughout the maritime value chain, including the expansion of CO2 offtake and monetisation of opportunities globally. Both parties believe strong partnerships between companies, governments, customers, and industries are needed to unlock the potential of CCUS to reduce emissions in the maritime industry. Value Group Co-Founder and Director Maarten Lodewijks says, “We are very excited with this new development. Shell Ventures will support us in many ways that will help our strategy moving forward and contribute to our development. The participation of Shell Ventures serves as confirmation that we are on the right path and is a huge compliment for our team…”
Shell Ventures’ Chief Investment Officer Robert Linck says “This investment aligns with Shell’s aim to support the development of solutions that can help industries decarbonize, as part of our focus on delivering more value with less emissions. Shipping is a notoriously hard-to-abate sector where volumes have doubled over the last couple of decades and the upward trend is expected to continue. Value Group’s promising solution is one of the first on the market that provides the maritime industry with a viable solution for carbon capture today. We are proud to be joining their journey and look forward to supporting them as they expand their activities with shipowners and operators across the globe to lower emissions.”
Value Group
The Value Group brings together two pioneering sister companies. Leveraging the experience of Value Maritime and the expertise of Value Carbon they are on a journey towards decarbonising shipping and industry. At the forefront, Value Maritime’s technology has been helping shipowners and operators to increase their competitiveness by achieving valuable emission reductions and noteworthy financial savings since 2017. Their vision is to dramatically decrease the environmental footprint of shipping and significantly contribute to improving the overall sustainability of the maritime industry. In parallel, Value Carbon is innovating land-based carbon management, spanning the entire carbon value chain from carbon offtake, handling, resourceful re-use and efficient storage all underpinned with a green and financial dividend.
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Source: Valuemaritime
