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.
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.