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Co2 News

20 Jun 2024

Equinor Awarded CO2 Storage licenses in North Sea

Source: Equinor

Equinor has been awarded the operatorship for the development of two new CO2 storages in the North Sea along with a 100% share for the two licenses, Albondigas and Kinno.The new licenses are each expected to have the capacity to store around 5 million tons of CO2 per year when in operation. This estimate will be further determined in the exploration phase.Equinor expects 4-8% real base project returns for its early phase CO2 storage business, and further value uplift potential…

19 Mar 2024

Ports Not Ready for Offloading of CO2 Captured Onboard

Source: Lloyd's Register

A study commissioned by the Global Centre for Maritime Decarbonisation (GCMD), in collaboration with Lloyd’s Register and ARUP, has identified low port readiness as a major hurdle bottlenecking the adoption of onboard carbon capture and storage (OCCS) systems as a practicable decarbonization solution.Whilst the technologies required for offloading onboard captured CO2 exist at high levels of maturity, safe operationalisation of captured CO2 transfer by trained personnel has not been demonstrated.The report…

21 Feb 2024

Orca AI Platform Helped Fleet Cut CO2 Emissions

© donvictori0 / Adobe Stock

Maritime technology company Orca AI has calculated that its automated situational awareness platform achieved significant operational gains for clients in 2023, including a 172,716-tonnes reduction in CO2 emissions and fuel savings.The drop was attributed to fewer sharp manoeuvres and speed drops, as well as an overall reduction in the number of potential incidents and collisions avoided.The analysis was carried out on 15 million nautical miles-worth of data collected in open waters by 267 customer vessels – comprising tankers…

28 Nov 2023

Mitsubishi Shipbuilding Christens Liquefied CO2 Ship

Source: MHI

Mitsubishi Shipbuilding has held a christening and handover ceremony for a demonstration test ship to transport liquefied carbon dioxide (LCO2).The ship will be used for the "CCUS R&D and Demonstration Related Project / Large-scale CCUS Demonstration in Tomakomai / Demonstration Project on CO2 Transportation" being conducted by Japan's New Energy and Industrial Technology Development Organization (NEDO).The ceremony took place at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture…

27 Nov 2023

Nordic Countries Agree on Joint CCUS Initiatives

Lars Aagaard, Danish Minister for Climate, Energy and Utilities, first left, Kadri Simson, second left, Lasse Frimand Jensen, Mayor of the City of Aalborg, third right, HRH Crown Prince Frederik, second right. (Source: European Commission)

Denmark, France, Germany, Sweden and the Netherlands have signed the Aalborg Declaration that aims at joint European cooperation on CO2 capture, use and storage (CCUS).CO2 capture, use and storage must be scaled up, both nationally and at European level, the countries agreed at the signing which occurred at the EU's CCUS Forum this week, hosted in Aalborg, Denmark."Today shows that there is European will, both among us decision-makers and among the industry - and with the Aalborg declaration we are moving closer to a common European market for CO2 capture, use and storage.

10 Nov 2023

KBR Secures FEED Contract for Liquid CO2 Terminal in Danish Port

Credit:Ina Meer Sommer/AdobeStock

KBR has been awarded a Front-End Engineering Design (FFED) contract by Fidelis New Energy for Project Fyrkat, a liquid carbon dioxide (LCO2) receiving terminal at the Port of Aalborg, Denmark. KBR will provide engineering to support the LCO2 handling and storage facility, as Fidelis New Energy aims to help global decarbonization.Project Fyrkat is one of the first onshore CO2 sequestration facilities, and is part of a larger initiative, Project Norne, which expects to store more than 20 million tonnes of CO2 per year by 2030. This equates to around half of Denmark's yearly emissions.

11 Oct 2023

TGE Marine Receives Order for LCO2 Cargo Handling System

Source: TGE Marine

TGE Marine has received an order from the Chinese shipyard Dalian Shipbuilding Industry Offshore for the design and supply of a cargo handling system for a 7,500m³ liquified CO2 (LCO2) carrier.The vessel is the third iteration of the series TGE Marine has been part of for the Norwegian consortium Northern Lights JV.The ships are part of the “Longship project”, a Norwegian state-founded effort to de-carbonize large emitters in Norway. CO2 is captured, reliquefied on-shore and subsequently shipped to the Norwegian continental shelf…

22 Sep 2023

Petronas, MISC, MOL Looking to Create LCO2 Carrier Joint Venture

Illustration - Mitsui O.S.K Lines in June received in-principle approvals for a liquefied CO2 vessel and a floating storage and offloading unit (FSO) from the American Bureau of Shipping. - CG rendering shows offloading CO2 from LCO2 carrier to LCO2 FSO and injection unit. - ©Mitsui OSK

Petronas CCS Ventures, a subsidiary of the Malaysian oil and gas giant Petronas has signed a term sheet with Mitsui O.S.K Lines, Ltd. (MOL) and MISC Berhad for the potential incorporation of a joint venture entity to invest in developing and monetising Liquefied Carbon Dioxide (LCO2) carriers for Carbon Capture and Storage (CCS) projects in Malaysia. The parties have agreed in principle on the key commercial terms to allow progress to the next stage."Building on the February 2022…

07 Sep 2023

Onboard CO2 Capture and Storage System by CSPI Earns ClassNK's Stamp of Approval

Right: Mr. Dai Qun, Deputy Section Chief / Senior Engineer, CPGC
Left: Mr. Hayato Suga, Executive Vice President, ClassNK
 - Credit: ClassNK

ClassNK has issued an Approval in Principle (AiP) for an onboard CO2 capture and storage (OCCS) system developed by China Shipbuilding Power Engineering Institute Co., Ltd. (CSPI), a member of CSSC Power (Group) Co. Ltd. (CPGC).In addition to fuel transition, interest in capturing CO2 from ships' exhaust gas is growing as a way to reduce GHG emissions, and the development of onboard systems for capturing and storing CO2 is being undertaken. To encourage the development of the related technology…

06 Sep 2023

KR and Partners Sign LCO2 Carrier Design MoU

From left to right: CHOI Geum-sik (CEO of Sunbo Industries),
JANG Yoon-keun (CEO of K Shipbuilding), LEE Hyungchul (Chairman & CEO of KR),

BAEK Jeongho (Chairman of Dongsung Chemical), CHOE Yong-seok (CEO of Dongsung Finetec)

Korean Register (KR) signed a Memorandum of Understanding (MoU) with K Shipbuilding, Sunbo Industries and Dongsung Finetec to jointly develop a 12,000cbm liquefied CO2 (LCO2) carrier design during Gastech 2023 in Singapore.The companies believe that as carbon capture, utilization and storage (CCUS) technologies become increasingly important in decarbonization policies, the demand for LCO2 carriers to transport captured CO2 by sea is expected to grow significantly.K Shipbuilding will lead the development and design optimization of a medium-pressure LCO2 carrier with a design pressure of 19 bar.

04 Sep 2023

CO2 Shipping on the Rise

Source: Rystad Energy

The transportation of CO2 is taking to the seas as emitters look for flexible ways to move captured carbon to offshore storage projects, with a fleet of 55 carriers required by 2030, according to Rystad Energy research.Based on planned carbon capture projects, Rystad predicts that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade, volumes requiring 48 terminals to handle the import and export of the gas.As the global carbon capture, utilization and storage (CCUS) market expands…

30 Aug 2023

Samsung Heavy and MISC Develop Floating CO2 Storage Unit

Source: MISC

Samsung Heavy Industries has received basic certification for a floating CO2 storage unit (FCSU) from DNV.The FCSU, jointly developed by Samsung Heavy Industries and MISC, is 330 meters long and 64 meters wide, and has a high-pressure tank capacity that can store 100,000 cubic meters of liquefied CO2 at -50 degrees Celsius or less.The injection module mounted on the upper part of the hull secures the ability to send five million tons (MTPA) of CO2 per year to the depths of the seabed.

25 Aug 2023

NYK to Conduct Study on Transportation of Liquefied CO2

mage of a liquefied CO2 carrier to be developed by KNCC courtesy of NYK

On August 25, NYK was commissioned by a consortium comprising ENEOS Corporation, Electric Power Development (J-POWER), and JX Nippon Oil & Gas Exploration to conduct a study on the marine transportation of liquefied carbon dioxide (CO2).The study is part of a fiscal 2023 feasibility study on advanced carbon capture and storage (CCS) projects in Japan.NYK will study the economics and feasibility of the technology for transporting by ship CO2 emitted in western Japan from ENEOS…

23 Aug 2023

MOL Embarks on Low-Pressure CO2 Research Program

© Fokussiert / Adobe Stock

Future Energy Exports CRC, JX Nippon Oil & Gas Exploration Corporation, Low Emission Technology Australia, Mitsui O.S.K. Lines (MOL), and Osaka Gas have executed a project agreement for the "LP Technology R&D Project" to conduct research and development to demonstrate the technical feasibility and operability of low-pressure and low temperature solutions for the bulk transport of CO2 by ships.The LP Technology R&D Project will involve studying behaviour and boil off characteristics of liquid CO2 under dynamic operating conditions and the impact of non-CO2 components.

19 Jul 2023

Hyundai Mipo Dockyard Wins LCO2 Carrier Order

Source: Hyundai Mipo Dockyard

Hyundai Mipo Dockyard has signed a contract to build two 22,000 cubic meter liquefied carbon dioxide (LCO2) carriers worth KRW 179 billion ($142 million) for the Capital Maritime Group of Greece.The vessels will be 159.9 meters long, 27.4 meters wide and 17.8 meters high. As well as LCO2, they will be designed to transport various liquefied gas cargoes such as LPG and ammonia. They will be made ready for ammonia dual fuel operation.According to the Global CCS Institute, a research institute in the field of carbon capture and storage…

29 Jun 2023

ClassNK Grants AiP for Ship that Can Transport Ammonia and Liquefied CO2

Credit: Mitsubishi Shipbuilding

Japanese classification society ClassNK has granted Mitsubishi Shipbuilding Co., Ltd. and Nippon Yusen Kabushiki Kaisha (NYK Line) Approval in Principle (AiP) for a ship that can transport ammonia and liquefied CO2 (LCO2).LCO2 carriers play an important role as one of the means of efficiently transporting captured and liquefied CO2 to storage sites or effective use sites in the CCUS (Carbon dioxide Capture, Utilization, and Storage) value chain, which is attracting attention as one of the means to realize a low-carbon and decarbonized society…

28 Jun 2023

Mitsui OSK Gets AiP for Liquefied CO2 Vessel, Floating Storage Unit

CG rendering shows offloading CO2 from LCO2 carrier to LCO2 FSO and injection unit. - ©Mitsui OSK

Japanese shipping company Mitsui O.S.K Lines (MOL) 9104.T has received in-principle approvals for a liquefied CO2 vessel and a floating storage and offloading unit (FSO) from the American Bureau of Shipping, its Chief Executive Takeshi Hashimoto said on Wednesday.The vessel and the FSO were developed by the company along with Malaysia's state-run oil company Petronas and Shanghai Merchant Ship Design and Research Institute, Hashimoto said in a statement.The statement gave no further…

12 Apr 2023

GCMD Selects Lloyd’s Register for LCO2 Offloading Concept Study

Source: GCMD

The Global Centre for Maritime Decarbonisation (GCMD) has selected Lloyd’s Register to undertake its concept study on offloading liquefied CO2 (LCO2) captured onboard ships.The GCMD concept study will address safety and operational considerations surrounding the offloading of LCO2 that has been captured onboard tankers, bulkers and container liners, including articulating the temperatures and pressures under which this process would optimally take place and the different receptacles…

28 Mar 2023

Mitsubishi Shipbuilding Launches Liquefied CO2 Carrier Demonstrator Ship

Source: Mitsubishi Heavy Industries

Mitsubishi Shipbuilding has launched a test ship for the transport of liquefied carbon dioxide (LCO2).The 236-foot ship has a storage capacity of 1,450 m³ and will be used with demonstration carbon capture and storage projects that are underway for Japan’s New Energy and Industrial Technology Development Organization (NEDO).The Engineering Advancement Association of Japan (ENAA), one of the consignees for the NEDO demonstration projects, will charter the ship from Sanyu Kisen, and install and operate the low temperature, high pressure storage system.

18 Jan 2022

NYK, Knutsen Form Liquefied CO2 Transportation and Storage JV

Image of a liquefied CO2 carrier with bow loading system - Credit: NYK

Japan's NYK and Norway's Knutsen Group have formed a joint venture company for the commercial development of a liquefied CO2 marine transportation and storage business using the Knutsen developed technology PCO2 which allows transport of liquified CO2 at ambient temperatures. NYK and the Knutsen Group, will each hold a 50% stake in the new company, which has been named Knutsen NYK Carbon Carriers (KNCC). KNCC will also build and operate low/mid pressure vessels based on other technologies."Carbon capture…

09 Feb 2022

Petronas, MOL Sign Liquefied CO2 Shipping MoU

During the MoU signing, PETRONAS was represented by Executive Vice President and Chief Executive Officer of Upstream, Adif Zulkifli and Head of CCS Enterprise, Nora’in Md Salleh while Mitsui O.S.K Lines was represented by President, Chief Executive Officer, Takeshi Hashimoto ©Petronas

Malaysia's state energy firm Petronas said on Wednesday it has signed an agreement with Japanese shipping company Mitsui O.S.K Lines (MOL) to explore opportunities in liquefied carbon dioxide (CO2) shipping in Asia Pacific and Oceania regions.Both parties will jointly study liquefied CO2 transportation for the carbon capture, utilization, and storage (CCUS) value chain, Petronas said in a statement.Liquefied CO2 transportation helps connect CCUS sites safely and efficiently over long distances where pipelines are not economically viable."This collaboration is important as long-haul liquefied C

07 Oct 2022

Mitsubishi Shipbuilding Holds Keel Laying Ceremony for Liquefied CO2 Carrier

Credit: Mitsubishi Heavy Industries

Japan's Mitsubishi Shipbuilding held a keel laying ceremony on Friday to mark the start of construction for a demonstration test ship for transport of liquefied carbon dioxide (LCO2).The LCO2 will be used in conjunction with initiatives by the New Energy and Industrial Technology Development Organization (NEDO) for its carbon capture utilization storage and transportation demonstration projects.The ceremony, conducted in the presence of representatives of the ship’s owner Sanyu Kisen Co.…

09 Nov 2021

Mitsubishi Shipbuilding, NYK collaborate to create Large Liquefied CO2 Carrier

Image of an LCO2 carrier courtesy Mitsubishi Shipbuilding and NYK Line

With all eyes on carbon neutrality, a pair of Japanese maritime titans -- Mitsubishi Shipbuilding and Nippon Yusen Kabushiki Kaisha (NYK Line) -- have agreed to jointly develop a large-scale liquefied CO2 (LCO2) carrier. To facilitate the development of technologies for transporting CO2 using large vessels, this project will combine Mitsubishi Shipbuilding’s gas handling technologies with NYK Line’s knowledge in operations of not only small and medium-sized vessels, but also large vessels that are expected to increase in demand globally.