Bureau Veritas and Samsung Heavy Industries Co., Ltd. announce partnership to develop carbon capture and storage solutions

Bureau Veritas Marine & Offshore (BV), a world leader in testing, inspection, and certification, is partnering with Samsung Heavy Industries Co., Ltd. (SHI), a leading global shipbuilding and offshore engineering company, to develop Floating CO2 Storage Units (FCSU) and Carbon Capture and Storage (CCS) projects in the Republic of Korea, with the aim to significantly reduce green house gas emissions.

The collaboration will center on validating and certifying cutting-edge CCS technologies that are cost-effective and sustainable. By blending BV's renowned certification expertise with SHI's innovative, market-leading technology, this partnership aims to set new industry standards and accelerate the deployment of CCS solutions that can drive a greener, more efficient future.

BV and SHI will also collaborate on pilot projects to test the commercial potential of CCS technologies. BV will use its certification expertise to handle technical reviews and independent risk assessments. Additionally, they will conduct environmental studies and develop risk management plans to ensure the safety and sustainability of CCS projects.

Alex Gregg-Smith, Senior Vice President, Asia Pacific (APA) at Bureau Veritas Marine & Offshore said: "Our partnership with SHI is an important step in our efforts to support the deployment of innovative carbon capture and storage technologies. By combining our expertise, we aim to advance the commercialization of FCSU and CCS solutions, which are critical for achieving global climate goals."

Haeki Jang, Chief Technology Officer, Samsung Heavy Industries Co., Ltd., said: “This collaboration marks a significant step towards realizing our vision of a sustainable future. By leveraging the strengths of both SHI and BV, we are committed to accelerating the deployment of carbon capture and storage solutions that meet the evolving demands of the global maritime and offshore industries. Together, we aim to contribute to a cleaner, more sustainable world through the development of advanced CCS technologies.”