K LINE and Northern Lights have signed Bare Boat Charter and Time Charter contracts for two 7,500 m3 liquefied CO2 ships. The ships will be delivered in 2024 and will contribute to the world’s first full-scale carbon capture and storage (CCS) value chain.
More specifically, Northern Lights and K LINE will jointly establish operational procedures for safe transportation of liquefied CO2.
The ships are classified by DNV and will be registered in Norway and operated under Norwegian (NOR) flag by mainly Norwegian shipboard personnel.
K Line will undertake the management of two ships transporting liquefied CO2 from industrial emitters, including the Norcem Brevik and Hafslund Oslo Celsio carbon capture facilities, to the Northern Lights CO2 receiving terminal in Øygarden, Norway.
CO2 transport is a key component to connect industrial emitters in Europe to suitable and safe CO2 storage sites such as the one operated by Northern Lights in the North Sea
K Line stated.
Developing a flexible shipping solution as part of the world’s first cross-border CO2 transport and storage network, Northern Lights contributes to the development of a market for CO2 storage.
We are honoured to participate in the Northern Lights project and contribute to the decarbonisation of industry. We have been able to develop a new field by making use of our decades of know-how in liquefied gas transport
said Yukikazu Myochin, President and CEO of “K” LINE.
