Knutsen NYK Carbon Carriers AS(KNCC), a joint venture between NYK Line and Knutsen Group, has signed an agreement with COSCO Shipping Heavy Industry(CHI) to develop a liquefied carbon dioxide(LCO2) carrier based on LCO2-Elevated Pressure(LCO2-EP) technology.
The conveyor with LCO2-EP technology
The LCO2 design for future carriers will be developed under a joint study supported by KNCC‘s patented LCO2-EP technology, specifically to facilitate direct offshore injection(DIO). This method offers an advantage for CCUS projectsprojects by simplifying offshore operation and reducing costs by eliminating the need for onshore or floating export infrastructure.
KNCC CEO Oliver Hagen-Smith highlighted the importance of this collaboration with CHI, stressing that LCO2-EP technology is ideal for offshore direct injection operations due to its lower energy demand and operational simplicity compared to other cryogenic technologies.“Our owners have extensive experience in offshore operations, which will contribute to the success of this initiative,” said Hagen-Smith.
For his part, Shi Wei, executive in charge of CHI‘s business, expressed his enthusiasm for this collaboration, stating that the unique design of the LCO2 direct injection vessel represents a breakthrough for the shipping industry and the reduction of CO2 emissions.“We are excited to work together with KNCC on this innovative project that could transform CO2 transportation and storage,” Wei commented.
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Source and photo: KNCC
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