Japanese duo to study marine transportation for development of CCS chain

Japanese shipping firm Mitsui O.S.K. Lines (MOL) and petrochemical company Cosmo Oil have collaborated to research and evaluate marine transportation for development of a carbon dioxide capture and storage (CCS) value chain.

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Under the agreement, both companies intend to develop a CCS value chain that comprises “separation/capture, transportation, injection, and storage,” of carbon dioxide (CO2) emissions from Cosmo Oil’s refineries, MOL says.

The scope of the study includes outlining specifications of liquefied CO2 carriers “suitable for the distance from the emission sources to the candidate storage sites in Japan and abroad,” and the expected transport volume.

The study will also be used to project ocean transport costs and further collaborations on “any potential projects on CCS, CO2 capture, separation, ocean transport, and reuse,” MOL adds.

MOL considers CCS “to be an effective means of realizing a low-carbon society.”

To that end, last month, MOL partnered with Malaysian state-owned energy company Petronas and logistic firm MISC Berhad (MISC) to establish a joint venture to develop and monetise liquefied carbon dioxide carriers for carbon capture, utilisation and storage (CCUS) projects.

In August, MOL collaborated with three other Japanese firms to study liquefied CO2 transport by vessel for a CCS project off Kyushu coast in Japan.

By Tuhin Roy

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