KEPCO and trade firm ink deal for the development of liquefied CO2 carriers

Both firms will cover a feasibility study for the transport of liquefied CO₂.

The Kansai Electric Power Co., Inc. (KEPCO) and Mitsui O.S.K. Lines, Ltd. (MOL) signed a service agreement for the feasibility research for the design of liquefied CO₂ carriers for shipyards in Japan and overseas.

The study covers the carbon dioxide capture and storage (CCS) value chain to support businesses and operators that emit CO₂.

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The deal follows up on a memorandum of understanding (MoU) that was previously signed, where KEPCO and MOL arranged to analyse the optimal systems for the ocean transport and storage of liquefied CO₂ from KEPCO’s thermal power plants, as well as the establishment of a CCS value chain.

Both companies aim to uphold their respective zero-carbon commitments through full-scale studies of the potential of liquefied CO₂ vessels. Further findings will set a precedent for the development of CCS value chain.