Tag Archives: innovation

Offshore Carbon Capture and Storage

If carbon capture technology is ever to be useful, there have to be places to store the captured carbon. One place is deep in the earth, in abandoned oil wells. We’re seeing somewhat more interest in carbon capture in maritime, and also in manufacturing areas. Maritime is more of an issue, because the captured carbon must be stored onboard, and offloaded periodically.

One option is to sell the compressed cold carbon to industrial users. But there’s not enough demand if most ships were producing captured carbon. Already, onshore carbon capture can supply a good deal of the commercial need for CO2.

Reuse of carbon in this way is simply circular; it does not actually remove carbon from the natural environment, it simply recycles it. And many onshore facilities like power plants and cement processes could rather easily capture their carbon emissions.

All this carbon can’t simply be recycled; there must be a place to put it. It’s odd that there has not been more investment in places to sequester the captured carbon.

That’s why the INEOS announcement in the article below is interesting. INEOS is an international chemical company with headquarters in many countries. (They also co-own and operate Manchester United, a Premier League football club).

They have designed a complete system to sequester the carbon in the North Sea, called Greensand. The full value chain will be established. The captured CO2 will come from Danish biomethane plants.

Once captured, CO2 is liquefied, delivered by truck to a dedicated CO2 terminal at Port Esbjerg, shipped aboard Carbon Destroyer 1, the EU’s first purpose-built CO2 carrier, and injected into the Nini West reservoir in the Danish part of the North Sea, a depleted oil field some 250 km offshore, approximately 1,800 m beneath the seabed.

Currently the project can store 400000 tonnes annually, but plans to expand to between 4 and 8 million tonnes annually.

There are still institutional barriers limiting capture of CO2 at scale — regulations, infrastructure, and investment. Since we’re not going green on energy anytime soon, it’s time to start investing big time in carbon capture — technology and infrastructure.

Logo of Splash247, featuring the word 'Splash' in bold black letters with a blue underline and '247.com' in smaller text.

Bojan Lepic September 18, 2026

https://splash247.com/ineos-opens-eus-first-full-scale-offshore-ccs-project

AI use growing, but cost…?

This report by McKinsey, the global consulting firm, sheds some light on what’s happening in the commercial realm with AI. It’s based on an online survey taken in May and June 2026, with 1,719 participants in 97 nations, spread across a full range of regions, industries, company sizes, and functional specialties. 36% of respondents work for companies with more than $1B USD in annual revenue.

The heat map below, from the report, shows the relation of AI use that has passed beyond R&D into scaling phase by industry type and business function. The entries are the percent of respondents who say their firm is into the scaling phase. The business function rows are ranked by total percent.

What stands out?

  • How low are supply chain and manufacturing functions!! You would think there would be a lot of applications in these business functions. But, NO! Maybe it’s just because these functions are typically cost-conscious and slow to choose new technology.
  • But in advanced manufacturing, industry use in supply chains and manufacturing is close to the highest at 14%.
  • IT, knowledge management and software engineering are high. That’s what one expects when a technology such as AI emerges. We saw the same thing with the coming of the internet in the late 1990s.
  • Media is high!! What a surprise! The AI engines train on large quantities of media output. If they just operate as a grandiose search engine, they already add value of a kind we can appreciate.

One of the fascinating tidbits from the report is that chatbots are the most frequently employed form of AI. We guess that already, if we use the internet at all today. Every website seems to have one. And if my experience is any guide, they are mostly useless. They give answers to stupid questions, and can’t handle anything even slightly complicated. The most they do is have a real agent call you, and mostly they don’t do that. They direct you to someplace in the company’s sitemap, which you have probably already read without profit before desperately trying the chat.

I question whether this is the best use of all the energy and other resources consumed searching and re-searching all those tokenized training documents.

We haven’t yet seen the real cost of all these searches, over and over again, of all those training documents. It’s measured in tokens, and currently the tokens are underpriced as a loss leader to get us hooked on using AI instead of the far simpler internet search like Google. We see in daily news how many massive data centers are being built, how much resource they consume (electricity, water, grid capacity). Those costs have to be paid for in a viable business. They have no choice but to charge us for the use.

Just like internet and cell phones and cable TV, and phone service before that, we users will have to pay.

Dan Tinkoff, Lieven van der Veken, Michael Chu, and Tara Balakrishnan, August 2026

India’s Maritime and Ports Goals

India is instituting major improvements in their ports and maritime system. This is crucial, since India is rapidly becoming an important technology and manufacturing center for the world.

Drewry recently put on a webinar about India’s plans.

India is taking steps to improve shipbuilding. The figure below shows regions affected.

India is also driving to increase India-flagged ships, and control more ships to carry their production goods. They want to increase the capacity of trade from India, as well as trade to India.

One aspect is improving waterways, including inland waterways. The figure below shows their goals for 2047.

Funding is important. India does not want to make the mistake many countries have made, seeking external capital, for instance from China. That would not be geopolitically smart, since it creates a dependency on a large foreign state and gives that state some control. But India now is generating excess capital looking for investments, because of the fast development in the country. India can do a lot of it themselves, even including private Indian financing. So India is creating financial incentives.

It’s a demanding agenda.

Drewry claims that India should focus on an ecosystem approach rather than individual projects.

With geopolitics favoring India right now as a manufacturing destination, the projects should all work together to create the overall maritime service system the nation needs.