Collaboration on Innovative LCO2 Vessel Study for Enhanced CCS Solutions

Nippon Yusen Kabushiki Kaisha (NYK) and Knutsen NYK Carbon Carriers AS (KNCC) are collaborating on a constructability study for a 40,000 cbm terminal-to-terminal liquefied CO2 (LCO2) vessel. This vessel will utilize KNCC’s proprietary technology of LCO2-Elevated Pressure (LCO2-EP) Cargo Tanks, developed in partnership with Nihon Shipyard Co., Ltd. The goal of this joint study is to support the development of CCS (Carbon dioxide Capture and Storage) projects globally, contributing to the establishment of a CCS value chain and reducing greenhouse gas emissions.

The innovative design of the LCO2-EP Cargo Tanks features vertical cylinders that can be mass-produced through automated processes using standard materials. This design may optimize and reduce construction time, allowing more shipyards to participate and enhancing industry efficiency. The study aims to bring significant benefits in cost-effectiveness, quality, and scalability to the maritime construction sector, paving the way for the introduction of LCO2-EP marine transportation services alongside existing MP and LP services.

NYK’s Executive Officer, Tsutomu Yokoyama, emphasized the importance of this joint study in expanding KNCC’s capabilities to offer LCO2-EP marine transportation services. KNCC’s CEO, Oliver Hagen-Smith, highlighted the potential of the modular design to engage more shipyards, while NSY’s Director, Tomoaki Takahira, stressed the significance of this project in advancing CCS technology and contributing to the establishment of the CCS value chain. This collaborative effort represents a crucial step towards bringing viable CCS options to the market and promoting sustainability in the maritime industry.

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