Mitsui OSK Gets AiP for Liquefied CO2 Vessel, Floating Storage Unit

Reuters
Wednesday, June 28, 2023

Japanese shipping company Mitsui O.S.K Lines (MOL) 9104.T has received in-principle approvals for a liquefied CO2 vessel and a floating storage and offloading unit (FSO) from the American Bureau of Shipping, its Chief Executive Takeshi Hashimoto said on Wednesday.

The vessel and the FSO were developed by the company along with Malaysia's state-run oil company Petronas and Shanghai Merchant Ship Design and Research Institute, Hashimoto said in a statement.

The statement gave no further details on the equipment or when and where it could be deployed.

Petronas and MOL began exploring business opportunities in liquefied carbon dioxide (CO2) shipping in Asia Pacific and Oceania in February last year.

©Mitsui OSK

Liquefied CO2 transportation helps connect carbon capture, utilization and storage (CCUS) sites safely and efficiently over long distances where pipelines are not economically viable.

CCUS technology removes CO2 emissions from the atmosphere and stores them underground, and Japan considers it crucial to reduce emissions to meet its 2050 goal of achieving carbon neutrality. 

Some of the captured CO2 can also potentially be used in a range of industrial applications.

MOL, which received in-principle approval for the liquefied CO2 vessel from Norwegian registrar DNV, said it would continue to work with Petronas to build a diverse CCUS supply chain. 

Mitsui O.S.K. Lines  received an AiP for a liquefied CO2 (LCO2) carrier from ship classification societies Det Norsk Veritas AS (DNV) and the American Bureau of Shipping (ABS). In addition, ABS issued an AiP for a floating storage and offloading (FSO) unit. Both the carrier and the FSO were jointly developed by MOL, Malaysian state oil company Petroliam Nasional Berhad (PETRONAS), and the Shanghai Merchant Ship Design & Research Institute (SDARI).

 (Reuters  - Reporting by Sudarshan Varadhan; Editing by Kim Coghill)

Categories: Energy Industry News Activity CO2 Decarbonization CCUS CCS Carbon Storage Carbon Capture And Storage

Related Stories

Inpex Starts FEED Work for Abadi LNG Scheme Offshore Indonesia

CNOOC Brings New Offshore Gas Field On Stream

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

China Rolls Out 17MW Floating Wind Turbine Prototype

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Woodside Finds South Korean Partners to Advance LNG Value Chain

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

ABL Lands Work on BP’s Indonesian Gas and CCUS Project

Current News

Inpex Starts FEED Work for Abadi LNG Scheme Offshore Indonesia

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Sapura Energy Rebrands to Vantris Energy

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com