Tag: carbon storage

Japanese shipping company MOL announced launch of research and development (R&D) to complete the basic design of a large-scale liquefied CO2 carrier.

On the occasion of MEPC 76 underway in London, innovation company TECO 2030 urged the IMO to recognize the role of carbon capture in reducing GHG emissions from international shipping, "as not enough vessels will undergo fuel switches to meet the climate targets".

NYK has recently become a member of the Global CCS Institute, an international think-tank established to promote the use of carbon capture and storage (CCS) technologies worldwide.

The Dutch government awarded $2.56 billion, nearly half of its 2021 annual budget for sustainable projects, to a project aimed at capturing and storing carbon emissions from Port of Rotterdam.

An essential pathway to Net Zero is carbon capture, which will have to at least double every five years for the next 30 years, according to the Clean Energy Technology team at IHS Markit.

Danish-based shipping companies, Evergas and Ultragas, have founded Dan-Unity CO2, the first shipping company specialized in vessels for transport of captured CO2 for storage (CCS) and re-use (CCU). 

Norwegian Klaveness Combination Carriers (KCC) became the first shipping company to join the carbon capture project CCShip, which was recently launched as part of Norway's ambition to reduce its CO2 emissions. 

Even though it may take a long road, LNG is becoming a much more attractive option and maybe the first step to the shipping decarbonization path, while BioLNG, synthetic LNG, carbon capture are all viable solutions with an already matured technology for reducing emissions, experts agreed in the latest GREEN4SEA Virtual Forum.

Oil major ExxonMobil has proposed a $100 billion multi-user carbon capture and storage hub along the Houston Ship Channel, which could help the city meet its climate aspirations and achieve its goal of becoming carbon neutral by 2050. 

TECO 2030 moves forward with a Carbon Capture and Storage (CCS) feasibility study with AVL List GmbH. The study will focus on vessel capabilities and feasibility of the technology.