MOL, KEPCO to study CO2 ocean transport

Mitsui O.S.K. Lines (MOL) and Kansai Electric Power Co. (KEPCO) have signed a memorandum of understanding (MoU) for a study of CO₂ transportation for the development of carbon capture and storage (CCS) value chain, MOL said on December 23.

Based on the MoU, MOL and KEPCO will collaborate on the development of a CCS value chain consisting of separation, capture, transportation, injection and storage of CO₂ emitted from KEPCO’s thermal power plants, both companies will study marine transport of liquefied CO₂ to potential storage sites. 

MOL set out its plan to achieve net zero GHG emissions by 2050 through concerted group-wide efforts in MOL Group Environmental Vision 2.1.

“Through the MoU, MOL Group will further accelerate its efforts in the liquefied CO₂ transport business to contribute to the realization of a low-carbon/decarbonised society,” the company said.