MISC Berhad has received Approval in Principle (AiP) from DNV for their Floating CO2 Storage Unit (FCSU), a solution aimed at enhancing the efficiency of carbon capture and storage (CCS) in the maritime industry. The FCSU concept was jointly developed with Samsung Heavy Industries (SHI) and addresses the need for seamless maritime transportation and storage of CO2 when emitters lack access to nearby sequestration sites. The FCSU is designed to meet the demands of offshore-related CCS projects and can function as an intermediate storage unit or as an injection vehicle for offshore CO2 reservoirs. It has a storage capacity of 100,000 cubic meters and an injection capacity of 5 million metric tons per annum.
MISC’s President & Group CEO, Captain Rajalingam Subramaniam, expressed the company’s commitment to advancing a just energy transition and invited hard-to-decarbonize industries to collaborate. SHI’s Head of Engineering Management, Vice President GJ Yoon, highlighted the company’s focus on developing solutions to meet the demands of the CCS market. DNV’s Regional Manager, Cristina Saenz de Santa Maria, praised the compliance of the FCSU concept with the classification society’s rules and expressed a desire to continue collaborating with MISC and SHI in the areas of decarbonization and new energy.
Both MISC and SHI believe that the FCSU concept will redefine the CCS landscape and contribute to a greener future. The AiP from DNV confirms the technical feasibility of the concept and its conformity to applicable rules, codes, and standards. This partnership demonstrates the companies’ commitment to driving transformative change and aligning with global efforts to mitigate carbon emissions.