MOL has joined efforts with West Japan Carbon Dioxide Storage Survey, ENEOS Corporation, Electric Power Development (J-Power), and JX Nippon Oil & Gas Exploration Corporation to study the use of ships to transport liquefied CO2.
As part of Japan’s first large-scale CCS project last fiscal year, “Study on Implementation of an Advanced CCS Project” MOL conducted an initial study of the voyage plan for a liquefied CO2 carrier. In FY2024, MOL will continue to carry out the next stages of the feasibility study.
The study involves examining the vessels for CO2 transport and identifying risks and challenges associated with transporting liquefied CO2. Ultimately the goal is to initiate the practical implementation of a domestic CCS value chain by FY2030.
The venture will study the use of ships to transport LCO2 as part of a carbon capture and storage (CCS) development project off western Kyushu. The Kyushu West Offshore CCS project has been selected as an “Advanced CCS Projects” for FY2024 and MOL’s commission to conduct this study will continue this year.
The joint project called “Engineering Design Work for Advanced CCS Projects” is commissioned by JOGMEC.
Outline of CCS Project Plan:
| Company | West Japan Carbon dioxide Storage Survey Co., Ltd., ENEOS, J-Power, JX |
| Emission sources | ENEOS refineries and J-Power thermal power plants in Seto Inland and Kyushu regions |
| Mode of transport | Vessels and pipelines |
| Potential storage site | Off the western coast of Kyushu (marine saline aquifers) |
| Storage volume | About 1.7 million tons/year |
