Maersk Drilling Invests in New Technology to Facilitate Carbon-Neutral Drilling

Copenhagen: Maersk Drilling has entered an agreement to invest USD $1m in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy. The concept builds on proven technology originally developed for the aerospace industry, which is now being deployed in a process that is expected to result in net-negative carbon emissions. For Maersk Drilling, this is one of several opportunities being pursued in order to help the company’s customers move towards carbon-neutral drilling.

A full-scale deployment of the Carbon-Negative Energy concept will produce renewable fuel and power, and simultaneously remove greenhouse gases from the atmosphere. The net negative carbon emissions can be converted into carbon credits. The agreement between Clean Energy Systems and Maersk Drilling gives Maersk Drilling an option to offset the emissions resulting from drilling for its customers or for the company itself.

“By investing in Clean Energy Systems’ concept, we are helping to bring alive a new technology which can remove CO2 from the atmosphere. We believe the world needs a broad portfolio of technologies and solutions to meet the challenge posed by climate change, and by engaging in this project, we support the development of carbon capture and storage in a way that could allow us to progress towards carbon-neutral drilling,” says COO Morten Kelstrup of Maersk Drilling…


 


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