NYK and KNCC Partner with PETRONAS for LCO2 Marine Transportation Study
Nippon Yusen Kabushiki Kaisha (NYK) and Knutsen NYK Carbon Carriers AS (KNCC) have joined hands with PETRONAS CCS Solutions Sdn. Bhd. for a groundbreaking study on the technical and commercial viability of liquefied CO2 marine transportation in Southeast Asia.
Nippon Yusen Kabushiki Kaisha (NYK) and Knutsen NYK Carbon Carriers AS (KNCC) have recently entered into a memorandum of understanding (MoU) with PETRONAS CCS Solutions Sdn. Bhd. (PCCSS) to conduct a joint feasibility study. This study aims to evaluate the technical and commercial feasibility of a carbon dioxide capture and storage (CCS) value chain utilizing the Elevated Pressure (EP) method. The focus will be on cross-border liquefied carbon dioxide (LCO2) marine transportation, temporary storage, and offshore injections into subsurface reservoirs.
Masaki Ono, General Manager of the Offshore Business Group at NYK, expressed the company’s commitment to developing a cross-border CCS value chain in Malaysia. Anders Lepsoe, Chair of the Board at Knutsen NYK Carbon Carriers AS, highlighted the significance of the MoU in advancing safe and efficient maritime LCO2 transport. Both companies believe that their LCO2-EP technology will revolutionize the CCS industry by offering flexible and cost-effective solutions.
MOL, PETRONAS and MISC Set the Stage for the Development of Liquefied CO2 Carriers
The collaboration between NYK, KNCC, and PETRONAS CCS Solutions Sdn. Bhd. marks a pivotal moment in the journey towards sustainable carbon capture and storage solutions. By leveraging innovative technology and industry expertise, these companies are paving the way for a greener and more carbon-conscious future in Southeast Asia.
