Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 9 November 2021, 15:42 HKT/SGT
Share:
    

Source: Mitsubishi Heavy Industries, Ltd.
Mitsubishi Shipbuilding and NYK Line Agree to Jointly Develop a Large LCO2 Carrier
- Merger of Mitsubishi Shipbuilding?s advanced gas handling technologies with NYK Line's wealth of knowledge in ship operations.
- Project to make a significant contribution to the establishment of a CO2 ecosystem in the CO2 transport sector, an area where demand is expected to increase in the future.

TOKYO, Nov 9, 2021 - (JCN Newswire) - Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Yusen Kabushiki Kaisha (NYK Line) have agreed to jointly develop a large-scale liquefied CO2 (LCO2) carrier. To facilitate the development of technologies for transporting CO2 using large vessels, this project will combine Mitsubishi Shipbuilding?s advanced gas handling technologies accumulated through the construction of liquified gas carriers (LPG and LNG carriers), with NYK Line?s wealth of knowledge in operations of not only small and medium-sized vessels, but also large vessels that are expected to increase in demand globally. The two companies will participate in the CCUS value chain based on the development of LCO2 carriers.

Image of an LCO2 carrier

Carbon dioxide capture, utilization, and storage (CCUS) is attracting attention worldwide as an effective means to achieve a carbon neutral world. LCO2 carriers will play a vital role in that value chain by transporting liquified CO2 to storage sites and facilities for utilization, and demand for these vessels is expected to increase in the future.

Mitsubishi Shipbuilding is actively pursuing commercialization of LCO2 carriers as part of MHI Group?s strategic initiative for the energy transition, bringing together technologies and knowledge gained from construction of liquified gas carriers in an effort, as a marine systems integrator, to support decarbonization at sea. This joint project is expected to make a significant contribution to the establishment of a CO2 ecosystem(Note) in the CO2 transport sector, which will be an essential component of the CCUS value chain.

NYK Line expects the establishment of technology to transport CO2 using large-scale LCO2 carriers to make a significant contribution to the realization of a carbon neutral world. Through this joint project with MHI Group, which possesses a wide range of technologies to overcome the high technological hurdles in the CCUS value chain, NYK Line will be integrating its accumulated wealth of knowledge in ship operations to support early realization of not only small and medium sized vessels, but also large-scale LCO2 carriers. Building on this project, NYK Line will participate in the CCUS value chain.

Going forward, Mitsubishi Shipbuilding and NYK Line will continue their efforts through this joint development project to develop the technologies for LCO2 carriers necessary to establish a CCUS value chain, utilizing the complementary strengths and knowledge of the companies to contribute to the realization of a carbon neutral world.

MHI Group defines "CO2 ecosystem" as a societal structure in which all stakeholders with a connection to CO2, both direct and indirect, come together beyond their respective interests to achieve coexistence and co-prosperity.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com.


Topic: Press release summary
Source: Mitsubishi Heavy Industries, Ltd.

Sectors: Energy
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Mitsubishi Heavy Industries, Ltd. Links

http://www.mhi-global.com

https://www.youtube.com/user/DiscoverMHI

https://www.linkedin.com/company/mitsubishi-heavy-industries

Mitsubishi Heavy Industries, Ltd.
Dec 2, 2021 14:44 HKT/SGT
Mitsubishi Power Upgrades Gas Turbines at Senoko Energy to Reduce 15,000 Tons of Carbon Emissions Annually
Dec 1, 2021 17:05 HKT/SGT
MHIENG Receives Order for Compact CO2 Capture System for Biomass Power Plant in Hiroshima
Nov 26, 2021 17:30 HKT/SGT
MHI Publishes Integrated Report 'MHI Report 2021'
Nov 25, 2021 17:09 HKT/SGT
MHI is Awarded a Major Turbomachinery Order for Ust-Luga LNG Export Plant
Nov 25, 2021 16:04 HKT/SGT
MHI Thermal Systems Receives '2021 Minister of the Environment Award for Climate Action' for 'Q-ton Circulation' Air-to-Water Heat Pump
Nov 24, 2021 15:00 HKT/SGT
Hirono IGCC Plant Construction Project Completed in Fukushima; Operations Launched on November 19
Nov 18, 2021 16:50 HKT/SGT
Mitsubishi Shipbuilding Holds Launch Ceremony in Shimonoseki for Second MRRV for the Philippines Department of Transportation
Nov 16, 2021 12:20 HKT/SGT
MHIEC Receives Order from Sendai City to Refurbish Matsumori Waste-to-Energy Plant
Nov 11, 2021 14:02 HKT/SGT
MHI to Participate in "CO2LOS III" Project, Aiming to Achieve Business in CO2 Shipping
Nov 11, 2021 13:46 HKT/SGT
MHIET Reaches a Total of 3 Million Small Diesel Engines
More news >>
 News Alerts
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: