K Line, Kansai Electric to Study LCO2 carrier design
SUMMARY
The two companies had signed a memorandum of understanding (MoU) on the joint study of LCO2 shipping in January this year.
By Shardul SharmaJapanese shipping company K Line and power producer Kansai Electric Power Co. (KEPCO) have entered into a service agreement to study the feasibility of a liquefied CO2 (LCO2) carrier design, they said on November 14.
The two companies had signed a memorandum of understanding (MoU) on the joint study of LCO2 shipping in January this year. This joint study investigated the method of liquefied CO2 marine transportation, which is suitable for long-distance and large-scale transportation and developing a more flexible CCS value chain.
The service agreement will involve working with domestic and foreign shipyards to study and develop optimal specifications for an LCO2 carrier. K Line is participating in the New Energy and Industrial Technology Development Organisation (NEDO) CO2 ship transport demonstration project and the Northern Lights project in Norway.
LCO2 is a form of carbon dioxide that has been liquefied by cooling it to extremely low temperatures. It is a promising way to transport and store CO2, as it is much denser than gaseous CO2 and can therefore be transported in larger quantities.
