You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World GCMD-Led Carbon Capture Project Wins Key Regulatory Backing GCMD-Led Carbon Capture Project Wins Key Regulatory Backing by Ship & Bunker News Team Wednesday July 22, 2026 Tweet Follow @shipandbunker Professor Lynn Loo is the CEO of GCMD. Image Credit: Lynn Loo / LinkedIn The Global Centre for Maritime Decarbonisation (GCMD) -led  Project CAPTURED has secured two regulatory milestones that could accelerate the adoption of onboard carbon capture and storage (OCCS). The project has won recognition under the EU ETS and in-principle support from the IMO for carbon mineralisation as a permanent CO2 storage pathway, GCMD said in an emailed statement on Wednesday . The EU ETS recognition means verified volumes of CO2 captured onboard ships can be deducted from a vessel's emissions, requiring the surrender of EU Allowances, provided the CO2 is permanently bound in eligible products. Project CAPTURED demonstrated this by converting captured CO2 into stable industrial materials through carbon mineralisation. “ Project CAPTURED has moved OCCS beyond technical demonstration Lynn Loo, GCMD The same demonstration also underpinned a proposal submitted to the IMO’s MEPC 84 , which gave in-principle support to recognising carbon mineralisation as a form of permanent CO2 storage. The move complements geological sequestration, which is already accepted by the IMO, and expands the options for handling captured carbon after it leaves a vessel. Project CAPTURED completed the world's first end-to-end demonstration of an onboard captured and liquefied CO2 value chain in 2025 . The pilot showed that captured CO2 could be transferred ship-to-ship, t