Hunter Group, DNV sign CCS development agreement
SUMMARY
They will work on a low-pressure mid-stream shipping solution for carbon capture and storage.
By Shardul SharmaPOSTED IN:
Norway’s Hunter Group and classification society DNV have entered into a joint cooperation agreement for the development of a low-pressure mid-stream shipping solution for carbon capture and storage, Hunter Group said on March 6.
The parties have agreed to work together to develop a 40-70K m3 liquefied CO2 carrier with 20-30K m3 feeder vessels with the aim to meet defined targets towards a sustainable CCS shipping solution to be operated on the Norwegian Continental Shelf and European waters.
Alternative fuels such as ammonia, methanol, fuel cells and CO2 abatement technologies will also be evaluated as part of this project, the company said.
Hunter Group said that in order for the world to get to net zero emissions by 2050, CCS will play a key role. A large portion of the captured CO2 will involve seaborne transportation, which will require a substantial number of large CO2 carriers.
"While short-term goals can be achieved by currently available technology, intermediate and long-term sustainable solutions require further study and need to be developed," it said.
