The transportation of CO2 is taking to the seas as emitters look for flexible ways to move captured carbon to offshore storage projects, with a fleet of 55 carriers required by 2030, according to Rystad Energy research.Based on planned carbon capture projects, Rystad predicts that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade, volumes requiring 48 terminals to handle the import and export of the gas…
JX Nippon Oil & Gas Exploration Corporation, NYK and NYK affiliate Knutsen NYK Carbon Carriers (KNCC) have demonstrated a new CO2 liquefaction method that the partners say is a breakthrough for the carbon capture and storage (CCS) industry.The…
A study commissioned by the Global Centre for Maritime Decarbonisation (GCMD), in collaboration with Lloyd’s Register and ARUP, has identified low port readiness as a major hurdle bottlenecking the adoption of onboard carbon capture and storage…
The Global Centre for Maritime Decarbonisation (GCMD) has selected Lloyd’s Register to undertake its concept study on offloading liquefied CO2 (LCO2) captured onboard ships.The GCMD concept study will address safety and operational considerations…
The global leader in offshore wind Ørsted A/S will become carbon neutral by 2025. 'This will make Ørsted the first major energy company to reach net-zero emissions in its energy generation - far ahead of science-based decarbonization targets for limiting global warming to 1…
