The Japanese shipping companies Mitsui OSK Lines, Ltd. (MOL) and Nippon Yusen Kabushiki Kaisha (NYK Line) have separately announced the receipt of approvals for new liquefied CO2 (LCO2) cargo vessels as the development of new vessel types for CO2 emissions capture, utilization and storage continues to progress along the value chain.
MOL, in partnership with Malaysian State Oil Company Petronas and the Shanghai Merchant Ship Design & Research Institute (SDARI), has received approval in principle (AiP) for an LCO2 tanker from DNV and the American Bureau of Shipping (ABS).
The joint effort by MOL, Petronas and SDARI also resulted in the approval of a floating storage and offloading unit (FSO) to receive, store and offload LCO2 cargo offshore. The carrier and the FSO will help to facilitate the efficient transport of LCO2, considering volume, distance and direct transport to FSOs near offshore storage facilities.
Meanwhile, Mitsubishi Shipbuilding Co., part of Mitsubishi Heavy Industries (MHI) Group, and NYK Line have also received approval in principle (AiP) from the Japanese classification society ClassNK for a ship design capable of transporting both ammonia and LCO2. The design allows for the transport of ammonia to power plants and CO2 from the plants to storage sites.
These latest approvals mark important milestones in the ongoing efforts by Japanese shipping companies to provide solutions in the carbon capture, utilization and storage value chain, in which the maritime industry plays a crucial role.