NYK and Partners Advance CO2 Transportation Technology
Nippon Yusen Kabushiki Kaisha (NYK), along with its group company Knutsen NYK Carbon Carriers AS (KNCC) and JFE Shoji Corporation, has made significant strides in the development of carbon capture and storage (CCS) technology. Recently, the trio completed a feasibility study that outlines the production facilities, capacity, and costs associated with manufacturing LCO2-EP cargo tanks. These tanks are essential for transporting liquid carbon dioxide (LCO2) under elevated pressure. The collaboration aims to establish a stable supply of steel materials within the Asian region, marking a pivotal step in the CCS initiative.
Feasibility Study Results
The feasibility study conducted by NYK, KNCC, and JFE Shoji has confirmed the viability of producing LCO2-EP cargo tanks. These tanks will serve dual purposes: as carriers for LCO2 and as onshore temporary storage units. The study indicates that the tanks can be manufactured using versatile carbon steel and automatic welding machines at existing large-diameter steel pipe facilities. This approach allows for large-scale production with shorter delivery times and reduced costs.
The companies have been working together since signing a memorandum of understanding in March this year. This agreement focuses on creating a robust supply network for the tanks, which is crucial for the successful implementation of CCS projects. The collaboration aims to ensure that the necessary infrastructure is in place to support the transportation and storage of LCO2, thereby facilitating the broader adoption of CCS technology.
NYK, JX, and KNCC Test New CO2 Storage Technology to Save Space and Cut Costs
Roles of the Partner Companies
Each partner plays a vital role in the CCS initiative. NYK, with its extensive experience in logistics, will oversee the entire CCS supply chain. This includes studying the transportation of the tanks and evaluating the feasibility of the CCS value chain. NYK will conduct simulations to assess the costs and operations involved in transporting LCO2 via ocean vessels.
KNCC, as a subsidiary of NYK, specializes in various pressure levels for ship transportation. It has developed the LCO2-EP tank and has filed a patent application for this innovation. KNCC will also conduct simulations to explore the feasibility of the CCS value chain, ensuring that the technology is both practical and efficient.
JFE Shoji, a core trading company within the JFE Group, will leverage its expertise in steel production to support the establishment of a reliable supply chain. The company will provide the necessary steel products for tank manufacturing, drawing on its extensive domestic and international networks.
Future Implications for Carbon Capture and Storage
The successful development of LCO2-EP cargo tanks has far-reaching implications for carbon capture and storage technology. As industries worldwide seek to reduce their carbon footprints, efficient transportation and storage solutions become increasingly important. The collaboration between NYK, KNCC, and JFE Shoji represents a significant advancement in this field.
By establishing a stable supply of steel materials and developing effective transportation methods, these companies are paving the way for the widespread adoption of CCS technology. This initiative not only addresses environmental concerns but also supports the transition to a more sustainable energy future. The ongoing joint development efforts will focus on the early implementation of CCS projects, which could play a crucial role in mitigating climate change.
