MISC and SHI get DNV approval for Floating CO2 Storage Unit concept

The FCSU is designed to meet the needs for offshore Carbon Capture and Storage (CCS) and MISC believes will address a “critical gap” where CO₂ emitters will need shipping to transport the CO² to sequestration sites.

The AiP from DNV confirms the technical feasibility of the FCSU concept which resulted from a Memorandum of Understanding (MoU) signed by the Malaysian shipowner and Korean shipbuilder in January this year.

The FCSU could be deployed across multiple depleted oil and gas fields that have been earmarked as potential CO₂ storage sites.

SHI’s Head of Engineering Management, Vice President GJ Yoon said, “SHI has various solutions in pipeline including CO2 Carriers to address era of low carbon. Whereas LCO2 Carriers focus on transportation, FCSU can act as Offshore Terminal and capable of injecting CO₂ into subsea wells with Topside facility. SHI will continue to spearhead developing solutions to meet CCS market demands based on abundant experience and technical expertise.”

The concept FCSU has a total storage capacity of 100,000 cu metres and an injection capability of 5 million tonnes per annum.

MISC President & Group CEO, Captain Rajalingam Subramaniam, commented: “Through our engagement with SHI and DNV, our team has been able to obtain the AiP for the FCSU solution in managing societal emissions. The FCSU is a result of our collective ambition to steer the maritime sector and other hard-to-abate sectors towards greener horizons.”

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MISC and SHI said they firmly believed the FCSU would redefine the landscape for CCS but gave no timescale for its further development.

Cristina Saenz de Santa Maria, Regional Manager South East Asia, Pacific & India, Maritime at DNV, said, “We hope to continue this excellent collaboration with both parties in the areas of decarbonization and new energy, with a focus to grow the regional CCS value chain towards a more sustainable future.”