NYK Line, Mitsubishi Shipbuilding to develop CO2 transport tech
NYK Line and Mitsubishi Shipbuilding have agreed to jointly develop liquefied CO2 transportation technology for small, medium and large vessels, they said on November 9 in a joint statement.
Mitsubishi will use its experience in building LPG and LNG carriers while NYK will utilise its knowledge regarding the operation of a wide variety of vessels, the companies said.
“Going forward, we will participate in the carbon, capture, utilisation and storage (CCUS) value chain with the development of a liquefied CO2 transport vessel as a foothold,” the companies added.
“CCUS, which captures CO2 for conversion and storage, is attracting attention as an effective means for realising a carbon-neutral society. In that value chain, LCO2 vessels are expected to grow in demand,” they added.
In this joint development project, the companies will work with the Mitsubishi Heavy Industries Group, which has developed technologies in the CCUS value chain.