MODEC has been awarded an Approval in Principle (AiP) from Bureau Veritas Marine & Offshore (BV) for a Floating Storage and Injection Unit “LCO₂ FSIU” that is capable to receive, temporarily store and ultimately inject carbon dioxide (CO₂).
MODEC has executed a Co-operation Agreement with Africa Finance Corporation to collaborate on FPSO projects as well as other maritime infrastructure projects in Africa.
The Verti-Go project will demonstrate SeaTwirl's floating wind turbine technology with a 2MW turbine including the design, fabrication, installation and operation.