Tag: Carbon capture and storage (CCS)

Several organizations have partnered with the Japan Organization for Metals and Energy Security (JOGMEC) to work on a carbon capture and storage project. 

Sumitomo Corporation, Kawasaki Kisen Kaisha, Ltd. (“K” LINE), and Hilcorp Alaska have entered into a joint study agreement to explore the feasibility of carbon capture and storage (CCS) in Alaska, USA.

On September 26, 2024, the Northern Lights CO2 transport and storage facility in Øygarden, near Bergen, officially opened, marking a significant milestone as the world's first cross-border CO2 transport and storage facility.

HD Hyundai Mipo Co., Ltd. (HMD) has received approval in principle for a 20,000 cbm LCO₂ carrier from Lloyd’s Register (LR). 

Pertamina International Shipping (PIS) has outlined its short-term and long-term business plans, focusing on alternative energy sources such as biofuels and the development of carbon transport and storage capabilities.

Lloyd’s Register (LR) is collaborating with energy companies ROTOBOOST and Amogy on a joint development project (JDP) focused on evaluating fuel cell and pre-combustion Carbon Capture Storage (CCS) technologies.

STAX Engineering has secured a five-year agreement with Toyota Motor North America to provide emissions capture and control services for vessels at Toyota's Port of Long Beach berth, starting in 2025.

BIMCO has started work to develop a new time charter party specifically designed for the maritime transportation of carbon dioxide (CO2) – an “industry first” which will be particularly relevant for the carbon capture and storage (CCS) market that is emerging as part of global efforts to combat climate change.

DNV's latest Maritime Forecast to 2050 report stresses that, until carbon-neutral fuels become viable, prioritizing the development and use of technologies that reduce energy consumption is crucial for lowering emissions.

Knutsen NYK Carbon Carriers AS (KNCC), a joint venture between NYK Line and Knutsen Group, and COSCO Shipping Heavy Industry Co., Ltd. (CHI) have signed a Joint Study Agreement. This agreement aims to prepare the market and develop detailed designs for Liquefied Carbon Dioxide (LCO2) carriers.