MODEC, Inc.

Website

Tokyo, Japan

MODEC is a global provider of offshore floating production solutions, including production and storage facilities.

CCI Score

3.13

-0.01% April 18

Latest Event

MODEC Launches Offshore Carbon Capture Pilot Project

MODEC, Inc. has signed a FEED contract with SAMSUNG E&A to deploy Carbon Clean's CycloneCC technology on an FPSO vessel for a pioneering offshore carbon capture project. This initiative is part of MODEC's broader decarbonization strategy and signals a commitment to sustainable business practices and technological innovation.

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OBJECTOR

MODEC, Inc. is currently rated as an Objector.

0 to +9 CCI Score

These companies deliberately avoid direct involvement with authoritarian practices. While they do not actively challenge oppressive regimes, they maintain a neutral stance to ensure they are not complicit in supporting such systems.

Latest Events

FEB

27

2025

MODEC Launches Offshore Carbon Capture Pilot Project
73.97

MODEC, Inc. has signed a FEED contract with SAMSUNG E&A to deploy Carbon Clean's CycloneCC technology on an FPSO vessel for a pioneering offshore carbon capture project. This initiative is part of MODEC's broader decarbonization strategy and signals a commitment to sustainable business practices and technological innovation.
+70

Business Practices and Ethical Responsibility

March 27

MODEC's contract for an offshore carbon capture pilot project demonstrates a commitment to ethical business practices by investing in sustainable technology and reducing greenhouse gas emissions. This strategic move supports a transition away from fossil fuels and challenges traditional energy paradigms that have historically been linked to authoritarian and authoritarian-aligned practices.

MODEC : enters into offshore carbon capture FEED contract with SAMSUNG E&A, deploying Carbon Clean’s CycloneCC technology
+80

Technology and Services Impact

March 27

The deployment of Carbon Clean’s CycloneCC technology represents a significant technological innovation in the maritime industry, enabling efficient and modular carbon capture on operating FPSOs. This advancement not only supports environmental sustainability but also reflects a forward-thinking approach that diverges from traditional, unsustainable practices that can enable authoritarian economic structures.

MODEC : enters into offshore carbon capture FEED contract with SAMSUNG E&A, deploying Carbon Clean’s CycloneCC technology
FEB

27

2025

MODEC Secures FEED Contract for Offshore Carbon Capture Pilot with SAMSUNG E&A
76.43

MODEC has entered into a Front End Engineering and Design (FEED) contract with SAMSUNG E&A to deploy Carbon Clean’s CycloneCC technology onboard its FPSO vessels, marking a significant step in its decarbonization strategy under the Vision 2034 plan.
+80

Business Practices and Ethical Responsibility

March 27

MODEC’s initiative to integrate Carbon Clean’s CycloneCC technology into its offshore production systems demonstrates a strong commitment to reducing greenhouse gas emissions and improving overall environmental performance. This ethical advancement in business practices is a positive signal that aligns with anti-fascist, socially responsible values by pursuing sustainable business operations.

MODEC enters into offshore carbon capture FEED contract with SAMSUNG E&A, deploying Carbon Clean’s CycloneCC technology
+75

Technology and Services Impact

March 27

The adoption of Carbon Clean’s modular CycloneCC technology in an offshore environment represents an innovative leap in technological services. This initiative not only enhances process efficiency in challenging maritime conditions but also contributes to a reduction in carbon emissions, supporting sustainable and forward-thinking business practices.

MODEC enters into offshore carbon capture FEED contract with SAMSUNG E&A, deploying Carbon Clean’s CycloneCC technology
JAN

01

2025

Firing of Local Ghana Workers Over Expat Pay Discrepancy
-67.97

MODEC, Inc. terminated the employment of local Ghanaian workers following a strike over disparities in wages between local and expatriate staff. This action reflects a disregard for fair labor practices and workers’ rights, potentially contributing to broader patterns of corporate complicity in authoritarian practices.
-70

Labor Relations and Human Rights Practices

March 27

The decision by MODEC to fire local workers who protested wage discrepancies highlights a severe neglect of labor rights and ethical responsibility. By prioritizing cost control and expat preferences over equitable treatment of local employees, the company shows complicity with practices that undermine labor solidarity and contribute indirectly to authoritarian economic practices.

Ghana: MODEC fires local workers striking over expat pay discrepancy
JAN

06

2015

Modec Workers Strike Threat in Ghana over Dismissals
-17.87

The General Transport and Chemical Workers Union of Ghana has threatened industrial action after Modec sacked 27 workers involved in prior strike actions on its FPSO vessel. The event raises serious concerns over labor relations and workers' rights in Modec's operations in Ghana.
-50

Labor Relations and Human Rights Practices

March 27

Modec's dismissal of 27 workers, prompting union threats of further industrial action, indicates a significant failure in upholding fair labor practices and respecting workers' rights. This incident reflects poor management of labor relations and ethical responsibility, contributing to the broader environment in which authoritarian practices can thrive by undermining worker empowerment.

Ghana: Modec Workers Threaten Another Strike - allAfrica.com
NOV

12

2014

Dismissal of Ghanaian Workers at MODEC
-17.60

In November 2014, MODEC dismissed local Ghanaian FPSO workers at Ghana’s Jubilee oil field after they refused to sign a bond of good behavior, highlighting significant labor rights violations, including pay disparities between local and expatriate workers. This event underscores the company’s problematic approach to labor relations and its potential complicity in fostering exploitative, authoritarian labor practices.
-50

Labor Relations and Human Rights Practices

March 27

MODEC's dismissal of Ghanaian workers without proper recourse or adherence to fair labor practices demonstrates a troubling neglect of workers' rights. The decision to sack workers following their refusal to sign a bond of good behavior and amidst known pay disparities between local staff and expatriates highlights a systemic issue in labor relations. This action, which undermines worker protections and fuels unrest, is indicative of broader business practices that may indirectly support authoritarian management styles and contribute to oppressive labor environments.

Ghana: Petroleum Commission surprised by dismissal of MODEC workers
NOV

11

2014

MODEC Fires Striking Ghanaian Workers
-28.16

In November 2014, MODEC dismissed nearly all Ghanaian FPSO workers who were striking over poor working conditions and unequal pay compared to expatriate staff. This action highlights severe labor rights abuses and contributes to an authoritarian corporate culture.
-80

Labor Relations and Human Rights Practices

March 27

MODEC's decision to fire striking Ghanaian workers, who were protesting for fair wages and better working conditions in stark contrast to expatriate compensation, reflects significant labor rights violations. Such actions not only undermine worker dignity but also foster an environment that supports authoritarian corporate practices, aligning with concerns about broader systemic inequalities.

Japanese company, MODEC, fires striking Ghanaian workers