A new report from Lloyd’s Register’s Maritime Decarbonisation Hub suggests that the technological readiness of onboard Onboard Carbon Capture Utilisation and Storage (OCCUS) is advancing but notes that economic factors will determine whether adoption will be feasible for maritime supply chain stakeholders.

The formation of viable economic cases for each player in the supply chain is needed to scale up adoption of onboard CCUS, LR’s Maritime Decarbonisation Hub’s Zero-Carbon Fuel Monitor has found.  

The research has found that technology readiness for OCCUS is significantly higher than its investment and community readiness, largely due to the development and usage of carbon capture technology outside of the maritime industry.