MY Capital OÜ (MYC) is addressing the market need in shipping emission control sector and is developing a unique and innovative exhaust gases purification solution that would address all the user needs and enable to implement IMO´s and EU´s shipping emission control regulations. MYC is a European SME that was founded in 2000 and today the company´s main focus is the development of flue gases filtration system. Based on long-term R&D, MYC has developed and tested a unique reagent and filtration solution that enables to reduce SOX, NOX, CO2 and PM levels within single solution. Our main competitive advantages and the novelty of the solution lies in:
1) Universal solution – Our system reduces effectively SOX, NOX, CO2 and PM within single filtration solution. It is compatible with all engine types and used fuels.
2) Environmentally safe – Our solution does not create a hazardous waste stream and used dilution can be discharged directly into the sea with no environmental impact
3) Simple design and retrofit compatibility – Our solution has simple design and there is no inactive dilution storage need, the whole system is significantly lighter and more compact compared to alternatives. This makes the solution perfect for retrofit installations as the process does not require much space, large construction, engine modification or large investments. In addition, MYC´s solution can be used for upgrading existing scrubber or De-NOX solutions for full emission gases purification capacity.
4) Compatible with all shipping emission regulations – MYC´s solution enables the shipping industry to comply with all SOX, NOX, CO2 and PM related regulations, including IMO MARPOL Annex IV, EU Sulphur Directive, EU shipping MRV regulation and CO2 reduction goals. Compliance with emission control regulations also enables to avoid additional expenses like fines and operating bans for shipping operators.
5) Low initial investment - MYC filtration solution has X-times lower initial investment need due to simple design and all-in-one unique solution. Costs can also be saved from significantly reduced construction and integration works. The exact cost of the initial investment into the system and the running costs depend on the application and flue gases chemical composition, but it is estimated that our system would give around 30-60% savings for industrial users compared to current state-of-the-art filtration systems.
6) Low operating expenses – Smart dilution reactivation process, fully automatic process control, low cost filtration reagent and no need for washwater utilization give our product a significant cost advantage compared to current state-of-the-art solutions like SOX scrubbers, De-NOX and CSS.
7) Potential revenue stream – Potential added-value of the used dilution. Proved further processing potential for using the dilution in agriculture as a fertilizer or as a bio-friendly washing agent for cleaning large tanks and containers
MYC´s solution addresses many current EU-challenges and presents a state-of-the-art technology for achieving the desired emission control goals. When achieving all expected goals in DEFLUG project, MYC´s solution enables to achieve all current and future emission reduction goals. The novel system design and all-in-one environmentally friendly exhaust gases purification system enables to eliminate the main existing market barriers related to currently available alternatives, such as used dilution utilization, environmental hazards, high cost of the systems, integration problems and long return on investment periods. MYC´s unique solution is therefore the key enabling technology for significant leap in implementing European shipping emission regulations and tackle the shipping pollutants problem within EU waters and elsewhere.
