Klaipedos nafta, Larvik Shipping, and Mitsui O.S.K. Lines will conduct a feasibility study for liquefied CO2 and hydrogen project in Klaipeda, Lithuania.
The partners reached an agreement to commence a feasibility study to develop liquefied CO2 (LCO2) loading facilities at KN’s existing infrastructure in Klaipeda, Lithuania. The entire concept aims to develop a LCO2 logistics and value chain from Lithuania and potentially Baltic region with Klaipeda seaport at the centre.
The verified emissions from installations covered by the European Emissions Trading Scheme (ETS) in Lithuania alone reached approximately 6 million tonnes of CO2 in 2020 and put pressure to find the most suitable carbon management solution for the local market. The National Energy and Climate Action Plan of the Republic of Lithuania for 2021-2030 identified carbon capture as a promising area that requires further investigation to seek the best possible application in Lithuania.
The main task of the feasibility study will be to identify optimised design and configuration to export CO2 to one or more sequestration facilities within Europe. It also includes the possibility to produce blue hydrogen as an important and necessary solution to reach zero emission economy.
Within the scope of the project KN covers the onshore and terminal handling part to use its knowledge accumulated through oil product and LNG experience.
