Samsung Heavy to enhance maritime business with CCS

South Korean shipbuilder Samsung Heavy Industries has received Approval In Principle from Norwegian classification society DNV for its floating CO2 storage unit (FCSU). The FCSU, developed in collaboration with maritime energy solutions firm MISC Berhad, has the capacity to store up to 100,000 cubic meters of liquefied carbon dioxide at temperatures as low as -50°C. It also has an injection module capable of sequestering 5 million tons of carbon dioxide annually to deep-sea levels. This is equivalent to the annual carbon emissions of approximately 3.3 million cars. Carbon capture and storage (CCS) technology, which focuses on permanently sequestering atmospheric carbon dioxide, is gaining traction as a solution to achieving global carbon neutrality. Samsung Heavy Industries and MISC Berhad have been researching the technology since January this year. MISC Berhad plans to store carbon dioxide in depleted offshore oil and gas reservoirs worldwide, including in Malaysia. Samsung Heavy Industries will supply FCSUs for the project.

South Korean shipbuilder Samsung Heavy Industries has secured Approval In Principle from Norwegian classification society DNV for its floating CO2 storage unit (FCSU). The FCSU, developed in collaboration with maritime energy solutions firm MISC

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