Bumi Armada Berhad and Navigator Holdings Ltd., announced that has entered into a memorandum of understanding with Uniper, to help meet the UK Government’s aim of decarbonising the power sector by 2030.
Pursuant to the MoU, the parties have agreed to collaborate to explore the feasibility of implementing a jetty-moored floating liquid CO2 storage facility and liquid CO2 carrier solution, for the export of CO2 from Uniper’s proposed Grain Carbon Capture project on the Isle of Grain, United Kingdom.
The parties to the MoU anticipate that Bluestreak CO2, by leveraging the expertise and experience of Bumi Armada and Navigator Gas, could design, and ultimately implement, a comprehensive CO2 value chain. The value chain is expected to be comprised of liquid CO2 shuttle tankers capable of loading from and delivering to either a floating carbon and storage unit or floating carbon, storage and injection unit.
As explained, the complete value chain is expected to transport liquid CO2 safely and reliably, and provide buffer storage capability. The CO2 is intended to be subsequently injected into offshore storage aquifers and/or depleted oil and gas reservoirs in a controlled manner, with surveillance and management of the permanent storage location.
It is anticipated that the collaboration with Uniper will demonstrate how Bluestreak CO2 is able to serve emitters with no access to pipeline infrastructure in effectively managing their CO2 emissions.
Bumi Armada is committed to achieving net zero by 2050. As an industry leader, we believe that all players need to take an integrated approach to accelerate the reduction of GHG emissions globally. We, together with Navigator Gas, are excited to work with Uniper to design and, ultimately, work to implement sustainable and scalable solutions to capture and store their carbon emissions.
…Gary Christenson, Bumi Armada’s Chief Executive Officer, commented.
Bumi Armada and Navigator Gas anticipate entering into definitive documentation for the Bluestreak CO2 joint venture by the end of the fourth quarter of 2024. The joint venture is subject to the execution of such definitive documentation, approvals by the respective boards of directors of Bumi Armada and Navigator Gas, applicable regulatory approvals and other customary closing conditions.
Mads Peter Zacho, Navigator’s Chief Executive Officer, commented: “Navigator Gas will play a key role in enabling Uniper to decarbonise its operations together with Bumi Armada. By bringing the right people to the table, we can leverage our collective expertise to design a sustainable and long-term CO2 shipping and storage value chain. This adds value and reduces environmental impact, aligning perfectly with our sustainability goals.”
To remind, in April of this year, Navigator Gas conducted its inaugural ship-to-ship ammonia transfer. The company’s 38,000 cbm liquefied petroleum gas (LPG) carrier, Navigator Jorf, took on 25,300 metric tons of anhydrous ammonia from the LPG tanker Eco Oracle while docked side-by-side at the Port of Ngqura in South Africa.
