Press Release – 24 March 2025 – Value Maritime (VM) has successfully installed its unique Exhaust Gas Cleaning System (EGCS) and Carbon Capture unit aboard Nexus Victoria, an LR1 product tanker owned by Mitsui O.S.K. Lines, Ltd. (MOL). The completion of this installation marks a significant development in CO2 emissions reduction in the shipping industry and demonstrates MOL’s commitment to sustainability.
A First in the Industry
VM’s 15MW next-generation EGCS Filtree system can filter sulphur and (ultra)fine particulate matter and can capture 10% of the vessel’s CO2 emissions with potential scalability to 30% if needed. Nexus Victoria, with a deadweight tonnage (DWT) of 75,000, is now the largest vessel to incorporate VM’s SOx scrubber with advanced carbon capture technology and the first-ever LR1 tanker to sail with this system. The installation was completed in Singapore under the supervision of VM’s specialised technical team.
“Our first commissioning in Singapore is a milestone for Value Maritime,” said Alican Kilinc, Operations Director at Value Maritime. “We appreciate MOL’s trust in our technology and are excited to support their decarbonisation efforts. Collaborating with one of the world’s leading shipowners drives us to push innovation forward and provide the industry with the most effective emission-reducing solutions.”
Shipping it green
MOL has established the “MOL Group Environmental Vision 2.2” as a roadmap to achieve net zero greenhouse gas (GHG) emissions by 2050 and promote the sustainable development of people, society, and the Earth. MOL positions the environmental strategy as one of the main strategies in its management plan, “BLUE ACTION 2035.”
“This system represents a crucial step in decarbonising vessels that cannot yet transition to next-generation fuels,” said Hiroyoshi Kubo, Executive Officer – Tanker Unit at MOL. “Together with Value Maritime, we are committed to advancing carbon capture solutions and building a CO2 value chain that contributes to a sustainable, carbon-neutral industry.”
How It Works: The Filtree System
VM’s Filtree system is designed to filter sulphur, CO2 and (ultra)fine particulate matter from the vessel’s exhaust stream. The system’s plug-and-play design includes onboard CO2 capture and storage capabilities, enabling captured CO2 to be offloaded onshore for reuse in greenhouse cultivation, methanol production, and even the food industry.
Expanding the Carbon Capture Network
Looking ahead, Value Maritime aims to expand its partnerships across Asia and enhance its carbon logistics infrastructure through Value Carbon www.valuecarbon.com its dedicated carbon capture and storage sister company. “End-to-end carbon capture solutions are essential to achieving industry-wide decarbonisation,” said Christiaan Nijst, Co-founder and Director of Value Group. “By integrating maritime carbon capture with onshore utilisation, we’re closing the loop on emissions and creating a more sustainable shipping ecosystem.”
Value Maritime
Value Maritime’s vision is to dramatically decrease the environmental footprint of shipping and significantly contribute to improving the overall sustainability of the maritime industry. Since 2017, their technology has been helping shipowners and operators to increase their competitiveness by achieving valuable emission reductions and financial savings.
Value Maritime is a fast-growing and innovative company that is sustainable by nature with a team that is dedicated to making an impact.
About MOL Group
MOL, headquartered in Japan, is a leading shipping company, operating on a global scale with about 800 vessels in service. The company develops various social infrastructure businesses centered on ocean shipping, as well as technologies and services to meet ever-changing social needs including environmental protection. The MOL fleet includes dry cargo ships, liquefied natural gas (LNG) carriers, car carriers, and tankers. In addition to the traditional shipping businesses, MOL also offers wellbeing & lifestyle businesses such as real property, terminal operation, and ferry service, as well as social infrastructure businesses such as logistics and offshore wind power. With one of the largest merchant fleets and 140 years of history, experience, and technology, MOL will make a leap forward to become a global social infrastructure company, support people’s daily lives from the blue ocean, open the way to a prosperous future, and deliver new value to all stakeholders.
Official website: https://www.mol.co.jp/en/
