KR (Korean Register) has signed a Memorandum of Understanding (MoU) with K Shipbuilding, Sunbo Industries and Dongsung Finetec to jointly develop a 12K CBM liquefied CO2 (LCO2) carrier design.
ccording to KR, K Shipbuilding will lead the development and design optimization of a medium-pressure LCO2 carrier with a design pressure of 19 bar. Sunbo Industries will pioneer the development of a cargo handling system and a fuel supply system.
In addition, Dongsung Finetec will undertake the development of LCO2 cargo tanks and LNG fuel tanks, and KR will verify the safety and suitability of the ship in accordance with the classification rules and international conventions, ultimately granting Approval in Principle (AIP) of the design.
During the signing ceremony, the companies discussed strategies to ensure the project’s success and concurred on the significance of securing technologies that will spearhead decarbonization in light of impending global warming.
Through the collaboration of K Shipbuilding, Sunbo Industries and Dongsung Finetec, we look forward to the successful completion of the project, and to leading innovation and promoting growth in the maritime industry.
… commented LEE Hyungchul, Chairman & CEO of KR
Generally, carbon dioxide (CO2) transportation is moving to the oceans, according to Rystad Energy, as emitters seek flexible solutions to transport captured carbon to offshore storage facilities, with a fleet of 55 boats required by 2030.
This fact has been particularly evident the last days as on the one hand Northern Lights announced it has awarded a shipbuilding contract to Dalian Shipbuilding Offshore (DSOC) for the construction of Northern Lights’ third CO2 ship and on the other hand FenEx CRC, JX NOEX, LETA, MOL, and Osaka Gas signed on a project to research and develop low-pressure and low-temperature solutions for bulk CO2 transport by ships.