Chevron Shipping Company, a subsidiary of Chevron, has finalised a deal with Sembcorp Marine Repairs & Upgrades to lower the carbon intensity of its liquefied natural gas (LNG) fleet operations.
Sembcorp Marine will deploy new technologies aboard Chevron vessels to help the energy giant meet the decarbonisation targets prescribed by the International Maritime Organization (IMO).
New technologies to be deployed by Chevron will include a reliquefication system, hull air lubrication, and a new gas compressor.
The deployment of new technologies is expected to lessen cargo boil-off, reduce fuel consumption, and improve volumes of cargo delivered.
Chevron Shipping Company president Mark Ross said: “We are excited to work with Sembcorp Marine to help us advance our lower carbon goals.
“We believe LNG will be a key component of the global energy transition for years to come, and Chevron is focused on continuing its disciplined capital investment in our LNG fleet.”
Under the deal, Sembcorp Marine will offer Chevron engineering, procurement, installation, and commissioning (EPIC) services.
It is being estimated that modification work will be completed by mid 2025.
Sembcorp Marine president and CEO Wong Weng Sun said: “Sembcorp Marine is committed to advancing environmental sustainability through the development of industry-leading solutions.
“Working with Chevron on its LNG fleet upgrades is an immediate way to accelerate the lowering of the carbon footprint in the maritime industry, to achieve the IMO’s target to reduce emissions from international shipping by at least half by 2050, compared to the levels in 2008.”