Press Release from Vaholmen VOC Recovery AS November 2022:
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Vaholmen presented with sustainability award

Vaholmen being presented with the award. From the left, Reginal Director of Sparebanken Sør Merete Lie Seland, COO of Vaholmen Alexander Lund, CEO of Vaholmen, Arve Andersson and Reginal Director of Sparebanken Sør Gro Lunde.

Vaholmen being presented with the award. From the left, Reginal Director of Sparebanken Sør Merete Lie Seland, COO of Vaholmen Alexander Lund, CEO of Vaholmen, Arve Andersson and Reginal Director of Sparebanken Sør Gro Lunde.

The Norwegian bank Sparebanken Sør has awarded Vaholmen VOC Recovery AS with a prize in recognition of Vaholmen’s development of its pioneering solution for capturing VOC emissions from off-shore terminal operations. The prize amounts to 350 000 kroner (NOK).

The award «Bærekrafttak» (Sustainability Initiative) was presented to Vaholmen VOC Recovery AS and other awardees, in Arendal, Norway on 23rd October 2022. The jury writes that giving this prize to Vaholmen is motivated by Vaholmen’s solution has the potential for saving the atmosphere for enormous emissions from the oil industry. The jury also regards the project as being particularly innovative.

– It is with a feeling of humility and gratitude that Vaholmen VOC Recovery accepts this award. The trust and recognition given by Sparebanken Sør and the jury of «Bærekrafttak» to us and our partners, is a great encouragement in our daily work and product development, says Vaholmen CEO, Arve Andersson.

The stated goal of the Paris Agreement on climate change is to limit global warming to well below 2.0, preferably to 1.5 degrees Celsius, compared to pre-industrial levels. With the initiative «Bærekrafttak», Sparebanken Sør seeks to support this and to realize it’s vision of growth and development through contributing to development in the realm of climate and the environment.

When loading VLCC and other crude oil tankers, volatile organic compounds (VOC) are being emitted into the atmosphere. Vaholmen VOC Recovery – in cooperation with Wärtsilä Gas Solutions, Ulstein Design & Solutions and American Bureau of Shipping – has developed turn-key solutions for capturing these vapours. The emissions saved may amount to several thousand tons of CO2 equivalents for each tanker loading. With these solutions, 60-80 % of the emissions generated from crude oil on board by ships during transport may be avoided, as well as giving the customer the opportunity to realize values that would otherwise be lost.

Sparebanken Sør – Norway’s fifth largest bank – has a long tradition as a responsible social actor and has participated in developing the local communities in its region for generations. The work with sustainability is a natural extension of the part the bank has been playing through its soon to be 200 years of existence.

Contact

Vaholmen VOC Recovery AS
Fredrik Knudsen – CCO Phone: +47 92829441 Mail: fredrik@vaholmen.no.
Morten Mellerud – CTO, Phone: +47 95210858, Mail: morten@vaholmen.no

Sparebanken Sør
Merete Lie Seland – Reginal Director, Phone +47 92465279, Mail: merete.lie.seland@sor.no

 

Press Release from Vaholmen VOC Recovery AS, American Bureau of Shipping, Wärtsilä Gas Solution AS and Ulstein Design & Solutions AS

Read in norwegian

Norwegian company will plug an emission leak

Eliminating pollution and extracting its value

VOC capture & utilization during loading of crude oil tankers is an important contribution to decarbonization of shipping. Vaholmen has the solution for avoiding 60-80% of the emissions during loading operation at offshore terminals, bringing the hydrocarbons back into the loop and realizing its values.

The international community is rightfully focusing on decarbonization of shipping, however with main emphasis on propulsion and less on the significant emissions from crude oil loading operations.

Vapor from oil cargoes releases millions of tons of CO2 equivalents – through the release of volatile organic compounds (VOC) – into the atmosphere. Between 60-80 % of these emissions are generated during loading of the crude oil cargoes.1

Norwegian authorities have set strict limitations to VOC emissions during loading of shuttle tankers at offshore oil fields since the turn of the century and efficient technology for on board treatment is developed and operated since. Most of this equipment is provided by Wärtsilä Gas Solutions.

When crude oil is loaded into VLCCs and other crude oil tankers at loading buoys or sea islands at distances from shore, the utilization of onboard VOC capture and processing system is not economically feasible. Installing VOC capture system on loading buoys or sea islands is not very feasible as the capture and transportation of the VOC back to shore for utilization is technically challenging and very costly.

Vaholmen VOC Recovery AS has, in close cooperation with its partners American Bureau of Shipping, Ulstein Design & Solutions AS and Wärtsilä Gas Solutions AS, developed and patented a concept that addresses the challenges caused by offshore loading of crude oil tankers. The concept includes a VOC recovery plant installed on a dynamically positioned vessel. The vessel – the Vaholmen Unit – will operate close to the loading tanker for capturing and processing the VOC generated on the tanker through a hose connected to the tanker’s vapour return manifold. The output from the process – the liquefied VOC– can be monetized through injection into a stream of relevant hydrocarbons like crude oil, as feedstock for powerplants, refineries or other as well as providing fuel for electrical power production on the Vaholmen Unit. The value of the captured hydrocarbons will normally exceed the costs of the operation of the Vaholmen Unit.

“As pollution is resources gone astray” says CEO of Vaholmen VOC Recovery AS Arve Andersson, ”the combination of two proven technologies into a new and innovative product allows capturing and utilization of values that otherwise are lost in a profitable way.”

“Ulstein has vast experience from developing and delivering ships and ship designs for more than 100 years. This ship design for Vaholmen has been developed in close cooperation with the parties involved in this project, and the design and systems onboard are configured to allow for optimal operation and utilization of the VOC to achieve low operational cost. Ulstein is continuously working to find ways to reduce the need for energy in operation and to find alternative energy sources. By contributing to this project, we aim to reduce emissions from operations, and this is a great motivation for us as ship designers,” says Lars Ståle Skoge, commercial director in Ulstein Design & Solutions AS.

“Wärstilä Gas Solutions, located in Asker Norway is a leading provider of gas handling equipment both on ships and onshore. Since early 2000 we have delivered 15 VOC plants for shuttle tankers in the North Sea” says Hans Jakob Buvarp, Wärtsilä Gas Solution General Manager Sales.

“ABS is excited to work with this elite group of companies on such an innovative project. The Vaholmen units will serve an important need in reducing emissions as the industry works to meet decarbonization and sustainability goals. We are proud to bring our decades-long experience to the table, supporting OSVs with a focus on safety and innovation, and this project is a perfect example of the future of these vessels – multi-functional, sustainable, and highly capable of adapting to new applications,” says Matt Tremblay, ABS Vice President, Global Offshore.”

On initiative from Norway and Canada, IMO is now in the process of taking up the issues related to VOC emissions from tankers through an upcoming revision of MARPOL Annex 6. Vaholmen has the solution for avoiding between 60-80 % of the emissions, bringing the hydrocarbons back into the loop and realizing its values.

About the Vaholmen Units

The Vaholmen Units, which can be classed as an OSV with a cargo capacity of 1 200 m3 of liquid VOC, or as gas carrier with 3 000 m3 liquid VOC loading capacity, have been developed in close cooperation with Wärtsilä Gas Solution, American Bureau of Shipping and Ulstein Design & Solutions. Regardless of capacity, the Vaholmen Unit will be equipped with DP2 capabilities and with a flexible and energy efficient power system.

Vaholmen is offering Vaholmen Units under time charter, sale on an EPC basis or licenses to terminal owners and terminal operators and with management services for VOC plants and vessels in cooperation with partners.

Contact

Vaholmen VOC Recovery AS

Fredrik Knudsen – CCO Phone: +47 92829441 Mail: fredrik@vaholmen.no.
Morten Mellerud – CTO, Phone: +47 95210858, Mail: morten@vaholmen.no

Wärtsilä Gas Solution

Hans Jakob Buvarp – General Manager Sales, Phone +47 95884388 / +47 81548500, Mail: hans.buvarp@wartsila.com
Web: www.wartsila.com

ABS

Jennifer Mire – Manager External Communications, Phone: +1 281 877 5845 / +1 281 703 8905, Mail: JMire@eagle.org
Egil C Legland – Manager Norway, Phone: +47 91370791 / +47 22403410, Mail: elegland@eagle.org
web: www.eagle.org

Ulstein Design & Solutions

Lars Ståle Skoge – Commercial Director, Phone: +47 91581226 / +47 70008560, Mail: lars.skoge@ulstein.com
Tonje Øyehaug Ruud – Public Relation Manager, Phone: +47 98683712 / +47 70008124, Mail: tonje.ruud@ulstein.com
web: www.ulstein.com


1 Fourth IMO GHG Study 2020 section 2.2.4 estimates total mass loss during transportation to be 0,124%, of which 0,1%points is lost during loading.