• Yinson Production's investment in Ionada's carbon capture technology aims to reduce
greenhouse gas emissions from its FPSO operations
• Ionada's technology is capable of reducing more than 95% of carbon emissions when
applied on FPSOs and could revolutionise carbon capture in the energy sector
• The technology also presents the opportunity to decarbonise the hard-to-abate industries
Yinson Production Offshore Pte Ltd (“Yinson Production”) has
made a strategic investment in Ionada PLC ("Ionada"), recognising Ionada's innovative carbon
capture technology and its potential value in emissions reduction.
The investment demonstrates Yinson Production’s commitment to reduce greenhouse gas
emissions from its offshore operations. Ionada's technology has enormous potential to support
the offshore oil and gas industry's transition to low-carbon operations. Furthermore, the
technology presents new business opportunities to decarbonise the hard-to-abate industries
and facilitates Yinson Group Berhad (“Yinson”) to participate in the carbon credit value chain.
Ionada, a pioneer in maritime emissions control, develops, manufactures, and markets exhaust
gas cleaning systems that reduce emissions from the marine and power generation industries.
It has developed a process for post-combustion carbon capture, that combines proprietary
hollow fibre membrane contactors with proven amines absorbents. This modular carbon
capture system is designed and engineered for small, to mid-sized industrial emitters, including
the energy, marine, and e-fuels industries. Ionada has conducted extensive research and
development and completed successful testing in a lab setting. The technology complements
Yinson’s Zero Emissions FPSO concept and bodes well with its climate strategy and investment
to support a sustainable and inclusive energy transition. Based on the Ionada’s current phase
of in-lab studies, its carbon capture technology has the capability of reducing more than 95% of
carbon emissions. This will present a strong potential to revolutionise carbon capture and
sequestration within the energy sector.
The investment in Ionada is part of Yinson Production’s continuous sustainability efforts in
reducing carbon emissions and being the frontrunner in decarbonising the FPSO industry
towards the goal of net zero.
Lars Gunnar Vogt, Yinson Production’s Chief Technical Officer, commented, “Yinson Production
is always looking for the latest technological ideas and breakthroughs in decarbonising offshore
production. Our investment in Ionada's advanced carbon capture technology is a significant
step towards our commitment to lowering our carbon footprint. Their carbon capture solution,
which has demonstrated the potential to reduce carbon emissions by more than 95%, is a key
component of our Zero Emissions FPSO concept. This technology will also pave the way for new
business opportunities and our participation in the carbon credit value chain. Our aim is to
revolutionise carbon capture and sequestration within the energy sector, and this partnership
with Ionada is a significant milestone in that journey.”
Ionada Chief Executive Officer Edoardo Panziera said, “Applying carbon capture to the
production of hydrocarbons will play a key role in achieving meaningful carbon emission
reductions and decarbonising energy. We are honoured to partner with Yinson Production and
believe this key milestone will facilitate meaningful advances in our innovative technology."
