HD HHI and Capital Gas Ship Management have received approval in principle for a 40,000 cbm LCO₂ carrier from Lloyd’s Register, developed following a joint development project between the parties.
The LCO₂ carrier has been designed to support the growing CO₂ value chain with the growing importance of solutions such as Carbon Capture and Storage (CCS) to the energy transition and to meet the ambition of the Paris Agreement to reach net zero emissions by 2050.
Carbon negative space represents a sector with great potential and prospects, especially for key industrial sectors which are hard to abate. In this context, transporting carbon at scale may prove to be an essential link towards the Paris Agreement objectives.
… said Panos Mitrou, Global Gas Segment Director of Lloyd’s Register
The JDP focused on exploring and establishing the operational profile of LCO₂ carriers along with the design suitability and feasibility of the vessels. LR’s role during the project was to assess the vessel’s operational profile using its Risk Based Certification (RBC-1) process.
The project builds on the strong working relationship between the JDP partners, for the construction of four 22,000 cbm low-pressure LCO₂ carriers equipped with IMO Type C storage tanks and a state-of-the-art cargo handling system able to accommodate CO₂ (Carbon), NH₃ (ammonia), and LPG (liquefied petroleum gas).
With strengthening global environmental regulations, we are witnessing growing demand for eco-friendly vessels that maximize fuel efficiency.
… commented Seung-Ho Jeon, Senior Executive Vice President and Chief Technical Officer of HD Hyundai Heavy Industries
Alexandra Xystra, Technical Director of Capital Gas Ship Management, also shared her thoughts on the company’s innovative strategies in the shipping industry, saying that they are committed to continuing this innovative trajectory.
