MODEC, Inc. and JGC Corporation, an overseas EPC operating company of JGC Holdings Corporation, announced the completion of a project to measure and quantify emissions of methane and other greenhouse gases (GHG) from floating production, storage, and offloading systems (FPSO) off the coast of Brazil, chartered and operated by MODEC1. This represents a significant milestone for both companies, and this is the first time that Japanese companies gain precise insights into the amount of major GHG emissions from methane, nitrous oxide, and hydrofluorocarbons (HFCs) from active FPSOs. Project background: In its Mid-term Business Plan 2024-2026, MODEC states that one of the initiatives under Vision 2034 is to be the world's best FPSO builder and operator, achieving the smallest carbon footprint alongside safety and high uptime.

As a first step in decarbonizing the MODEC's core FPSO business, MODEC is actively involved in measuring and reporting FPSO GHG emissions. In addition to carbon dioxide emissions, this project also addresses methane, nitrous oxide2, and HFCs, which have a very high greenhouse effect. JGC Corporation is engaged in mitigating GHG emissions from oil and gas production facilities in part by leveraging technical engineering expertise and extensive plant construction experience to provide HiGHGuard® GHG emissions measurement service for methane and other GHGs using the MRV3 methodology.

In the absence of globally standardized measurement methods, JGC offers highly reliable measurement and quantification in line with plant operations and these conditions, as well as low-carbon/decarbonized solutions based on this knowledge. Building upon this expertise, MODEC and JGC Corporation have decided to combine their strengths to implement a project aimed at accurately identifying methane, nitrous oxide, and HFCs emissions from FPSOs.