Illustration courtesy MOL
Japanese shipping companies Mitsui O.S.K. Lines, Ltd. (MOL) and Nippon Yusen Kabushiki Kaisha (NYK Line) have separately announced receiving approvals for new liquefied CO2 (LCO2) carriers as progress continues in the development of new types of ships to contribute to the carbon capture, utilization, and storage value chain.
MOL, in partnership with Malaysian state oil company Petronas and the Shanghai Merchant Ship Design & Research Institute (SDARI), obtained approval in principle (AiP) for a LCO2 carrier from DNV and the American Bureau of Shipping (ABS).
The joint effort between MOL, Petronas, and SDARI also resulted in the approval for a floating storage and offloading (FSO) unit to receive, store, and offload LCO2 cargoes offshore. The carrier and FSO will help enable the efficient transport of LCO2, taking into account volume, distance, and direct transport to FSOs situated near offshore storage facilities.
Meanwhile, Mitsubishi Shipbuilding Co., a part of the Mitsubishi Heavy Industries (MHI) Group, and NYK Line have also received approval in principle (AiP) from the Japanese classification society ClassNK for a ship design capable of transporting both ammonia and LCO2. The design will allow for the transport of ammonia to power plants and CO2 from the plants to storage sites.
These recent approvals mark significant milestones in the ongoing efforts of Japanese shipping companies’ commitments to providing solutions in the carbon capture, utilization, and storage value chain, in which the maritime industry plays a critical role.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,239 members that receive our newsletter.
Have a news tip? Let us know.
The Heritage Foundation’s controversial plan dubbed “Project 2025” is proposing significant changes to the U.S. maritime industry, including a potential transfer of the Maritime Administration (MARAD) and a substantial reform...
(Bloomberg) — The crayon marks on the wall of the sparsely furnished apartment hint at it being a conventional family home. But the single sofa, pink plastic chair and child’s...
The U.S. Coast Guard has released crucial remotely operated vehicle (ROV) footage of the Titan submersible wreckage, which provided the conclusive evidence of the vessel’s catastrophic implosion during a commercial...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 109,239 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
