-Press Release – 26 September 2023, Rotterdam
Value Maritime has completed the first in a series of nine installations of its emissions reducing Filtree systems for leading product and chemical tanker company Ardmore Shipping Corporation (“Ardmore” or “the Company).
Taking place in China, this was the first time that Value Maritime has installed its system outside of Europe. The Ardmore Seaventure is also the first Ardmore vessel now fully equipped with Value Maritime’s Filtree system. The remaining installations for Ardmore Shipping are scheduled to take place in China over the next nine months.
Energy Transition Plan
In shipping, a well-defined energy transition plan can help to identify the key challenges and opportunities presented by the changing energy landscape. Ardmore’s order for nine Filtree systems is reflective of its ambitions for carbon emissions reduction and efficiency in its own fleet as well as the shipping industry at large. The Company established its own Energy Transition Plan (“ETP”) in 2021, which involves the deployment of clean technologies, innovative operational approaches, and the building of relationships with customers that are shifting their priorities towards more sustainable transportation of liquid bulk cargoes.
The plug-and-play modular Filtree system will allow for the filtration of sulphur dioxide, carbon dioxide (on further upgrade) and 99% of ultra-fine particulate matter from Ardmore’s vessels. As a result, Ardmore can continue to sail with cost-effective, performance enhancing high sulphur fuel oil while simultaneously reducing emissions. As such, the Filtree system offers a rapid return on investment.
pH Neutral Water
In a further boost for sustainability, the system features a Clean Loop mechanism that filters its own wash water. This removes oil residues and particulate matter and neutralizes the pH value of the discharge water.
Each of the nine installations on the Ardmore tankers will be carbon capture ready to further reduce emissions. With this, the CO2 from the vessel’s exhaust can be captured and stored in onboard tanks for onshore discharge later. The captured CO2 may then be used in a sustainable manner, for example, in the agricultural and food industries.
Investment in Carbon Capture Strategy
This facilitation of carbon capture and storage comes at an opportune moment. The Value Group (Value Maritime and Value Carbon) recently announced that Shell Ventures had joined its investor board to accelerate and expand Value Group’s carbon capture utilisation and storage strategy.
Yvette van der Sommen – Commercial Director, Value Maritime states: “We’re really pleased to have successfully completed the first in this series of installations for Ardmore. This represents a milestone moment for Value Maritime as the Filtree system makes its debut outside of Europe. We’re very proud to see this expansion, which is an indication of the relevance the system has in helping vessel operators to reduce their emissions. On behalf of our whole team, I’d like to thank Ardmore for their continued trust in Value Maritime. We’re very much looking forward to our ongoing collaboration in future installations.”
Anthony Gurnee – CEO of Ardmore states: “At Ardmore, our approach to the energy transition is underpinned by the mindset that shipping’s progress towards decarbonization is an evolution over time. While the industry continues to make regulatory progress away from carbon-intensive practices over the long term, the development and utilization of short-term solutions like Value Maritime’s Filtree solution, as well as many other technologies we have adopted, is as crucial as it is broadly applicable across all shipping sectors. The Filtree solution is exceptional in that it not only cleans and neutralizes overboard discharge but also offers an additional benefit in the form of a potential carbon capture upgrade. This gives us flexibility today while economically future-proofing our vessels and creating commercial opportunities for us tomorrow.”
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.
Ardmore Shipping Corporation Ardmore owns and operates a fleet of MR product and chemical tankers ranging from 25,000 to 50,000 deadweight tonnes. Ardmore provides, through its modern, fuel-efficient fleet of mid-size tankers, seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies. Ardmore’s Energy Transition Plan (ETP) focusses on three key areas: transition technologies, transition projects, and sustainable (non-fossil fuel) cargos. The ETP is an extension of Ardmore’s strategy, building on its core strengths of tanker chartering, shipping operations, technical and operational fuel efficiency improvements, technical management, construction supervision, project management, investment analysis, and ship finance. Learn more about Ardmore’s Energy Transition Plan in their latest Progress Report: https://ardmoreshipping.com/about/progress/
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