MOL, Mitsubishi Shipbuilding get approval for LCO2 carrier
Japan's Mitsui OSK Lines (MOL) and Mitsubishi Shipbuilding on September 6 announced the acquisition of approval in principle for their jointly developed liquefied CO2 (LCO2) carrier from the Norwegian classification society DNV.
The LCO2 carrier is a 50,000 m3-class vessel for which the two companies completed a joint concept study in November last year.
The vessel design incorporates tank pressure specifications for larger vessels in the future. MOL and Mitsubishi Shipbuilding are also integrating the knowledge of an MOL-invested company, Norway-based Larvik Shipping, which has managed LCO2 vessels in Europe for more than 30 years.
MOL and Mitsubishi Shipbuilding said they will continually work to develop various technologies, including LCO2 vessels, which will be essential in building a carbon capture, utilisation and storage (CCUS) value chain.