The Lab also spotlighted the latest technological advancements, including plasma and water cutting technologies as alternatives to gas cutting, and RFID tracking and blockchain as tools for improving the management of Inventories of Hazardous Materials. AF Offshore Decom captured the attention with their groundbreaking work on upcycling decommissioned assets by generating certified second-hand steel with 95% lower CO2 emissions for the construction sector. Several projects, including SHEREC, Circles of Life, ReCab, and ShipRec, shared ongoing R&D looking at novelties in circular economy principles, including material passports, and AI integration. 

Unveiling their new guideline on FSO and FPSO decommissioning, the International Association of Oil & Gas Producers (IOGP) was another stakeholder at the Lab setting a new benchmark for industrial sustainability. Their guideline bans the use of substandard scrapping methods, including beaching, and prohibits dealings with cash buyers — a practice long criticised for fuelling unsafe and unregulated shipbreaking. 

Addressing how to foster industrial practices that do not compromise on protecting fragile coastal ecosystems and ocean health, the International Finance Corporation (IFC), part of the World Bank, provided insights on how blue bonds could potentially unlock finance, marking a clear step towards integrating ship recycling into global sustainable finance frameworks. Increased traceability on scrap steel, quality and supply chain were furthermore identified as key to add value and also assist the steel sector in its transition towards meeting industrial decarbonisation targets.