Japan's Mitsui OSK Gets Approval for Liquefied CO2 Vessel, Floating Storage Unit
(Reuters) — Japanese shipping company Mitsui O.S.K Lines (MOL) 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 details on the equipment or when and where it could be deployed.
Petronas and MOL began exploring business opportunities in liquefied carbon dioxide (CO2) shipping in Asia Pacific and Oceania in February last year.
Liquefied CO2 transportation helps connect carbon capture, utilization and storage (CCUS) sites safely and efficiently over long distances where pipelines are not economically viable.
CCUS technology removes CO2 emissions from the atmosphere and stores them underground, and Japan considers it crucial to reduce emissions to meet its 2050 goal of achieving carbon neutrality.
Some of the captured CO2 can also potentially be used in a range of industrial applications.
MOL, which received in-principle approval for the liquefied CO2 vessel from Norwegian registrar DNV, said it would continue to work with Petronas to build a diverse CCUS supply chain.
Related News
Related News
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Gazprom’s Grandeur Fades as Europe Moves Away from Russian Gas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
Comments