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Carbon Ridge Deploys Shipping's First Centrifugal Carbon Capture System in Partnership with Scorpio Tankers

1. Carbon Ridge launches first centrifugal carbon capture system on a Scorpio tanker. 2. This innovation may set a precedent in maritime emissions reduction technology.

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Why Neutral?

While the technology is innovative, STNG's direct involvement is not indicated, suggesting limited immediate price influence.

How important is it?

Innovative carbon technology could affect regulatory landscapes, indirectly influencing STNG's operations and market positioning.

Why Long Term?

If successful, the technology could influence industry standards and future regulations benefiting STNG long-term.

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STNG
SANTA MONICA, Calif. & HOUSTON--(BUSINESS WIRE)-- #carboncapture--Carbon Ridge, a leading developer of onboard carbon capture and storage solutions for the maritime industry, has achieved a shipping industry first with the successful deployment of a centrifugal onboard carbon capture system (OCCS) aboard an LR2 product tanker owned by Scorpio Tankers Inc. The groundbreaking pilot marks the first deployment of a centrifugal OCCS system in maritime operations, establishing Carbon Ridge as the pioneer in bringing.

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