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Maritime companies to develop CO2 carrier design

Prism Agility, an LNG carrier built by KSOE subsidiary HHI.
ABS, Hyundai Mipo Dockyard (HMD), Korea Shipbuilding & Marine Engineering (KSOE), and the Republic of the Marshall Islands (RMI) Maritime Administrator have signed an agreement to develop liquefied CO2 carrier ship designs.

With carbon capture and storage (CCS) expected to play a role in the world’s ambition to reduce greenhouse gas (GHG) emissions, storage and transportation of CO2—a GHG—is expected to be essential in reaching carbon emission reduction targets.

“Development of these next generation CO2 carrier designs will speed the adoption of CCS technology and facilitate net negative emissions strategies. As a global leader in the classification of gas carriers, ABS is delighted to be able to use our experience to support this project,” said Patrick Janssens, ABS Vice President, Global Gas.

Liquefaction of CO2 reduces its volume by around 600 times. The CO2 carrier design will use modified versions of HMD’s TYPE-C tank design to transport the liquid. HMD is set to develop the cargo containment system, KSOE will develop cargo handling systems, and ABS and RMI will be responsible for design evaluation, approval and verification.

CCS and thus CO2 carriers are expected to become more important as the world moves beyond simple carbon reduction to actively removing carbon dioxide from the atmosphere, known as net negative emissions.

“It is high time the marine industry develops new transport solutions to contribute to global carbon neutrality. CO2 carriers will play an important role in the overall value chain of CCS and reduce global CO2 emissions,” said Byeong-Yong Yoo, KSOE Vice President.

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