Onboard carboncapture utilisationRand storageA readiness assessment forthe shipping industryThe Lloyd's Register Maritime Decarbonisation HubApril 2023Executive summaryRThis report provides an analysis of theThe adoption of OCCUS relieson the formation oftechnology readiness level(TRL),investment君readiness level(IRL)and communitythroughout the supply chain,and regulations needreadiness level(CRL)of onboard carboncapture,utilisation,and storage(OCCUS)in the shipping industry.It highlights keyobservations and priorities that have been箱investment,and to settle ona small number ofidentified to move OCCUS adoption forward.onboad and offloading solutions that can becomeindustry standards generating the required economiesofscale and scope for economic viability.and CRLwith technology,particularly in the storageand conversion stage,being already deployed andchange as the world moves towads zero carbon,CRL remainlow whilst the effectiveness and economicred uce emissions in line with dec arbonisationmilestones.Although OCCUS is expected to be a stepa lack of required regulation and policy.on the decarbonisation pathway,ratherthan theendgame,itcouldplay a significant role in the shippingFour key themes are identified:market maturity andindustry's journey toward zero carbon emissions.economic viability,policy regulation and standards,conversion to zero carbon fuel is cost-prohibitive,butinthe global carbon industry.