MISC teams up with Mitsui, Samsung Heavy on CCS

Malaysian shipping company MISC has signed MoUs with Japan’s Mitsui & Co., Korea’s Samsung Heavy Industries (SHI) and Graz-based Andritz to explore opportunities on carbon capture and storage (CCS) solutions in the maritime value chain, it said on January 18.

The parties will work together in identifying storage hubs and developing floating solutions and carbon capture parts and equipment.

MISC will collaborate with Mitsui on business opportunities across the CCS value chain, including the identification of potential CCS hubs, assessing the commercial and technical viability of CCS solutions.

Meanwhile, the partnership with SHI covers the joint development of the engineering, procurement and construction of the floating carbon dioxide solutions to facilitate and support the optimisation of offshore CCS projects.