Tag: CO2
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MOL and compatriot Cosmo Oil team up on CO2 shipping
[ad_1] Japanese shipping giant Mitsui OSK Lines (MOL) has joined forces with fellow energy firm Cosmo Oil to explore shipping opportunities for carbon dioxide. Under a memorandum of understanding, the duo will study ocean transport with the goal of establishing a CO2 capture and storage (CCS) value chain. The partners will outline the specifications of…
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Petronas, MISC and MOL to develop liquified CO2 carrier venture
[ad_1] MOL Malaysian energy giant Petronas, along with its shipping arm MISC, has signed a term sheet with Japan’s Mitsui OSK Lines (MOL) to create a joint venture to develop liquified carbon dioxide (LCO2) carriers for carbon capture and storage projects around Malaysia. The three parties have been working on LCO2 carrier designs for many…
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African summit CO2 credits attract millions of dollars
[ad_1] An initiative to boost Africa’s carbon dioxide credit production 19-fold by 2030 has drawn hundreds of millions of dollars of pledges as Kenyan President William Ruto opened the continent’s first climate summit. In one of the most anticipated deals, the United Arab Emirates committed to buying $US450 million ($A696 million) of carbon credits from…
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MISC and Samsung Heavy showcase floating CO2 storage unit concept
[ad_1] Malaysia’s top shipping line, MISC, and South Korean shipbuilder Samsung Heavy Industries (SHI) have completed a conceptual design for a floating CO2 storage unit with the aim of enhancing the efficiency of the carbon capture and storage (CCS) value chain within the maritime industry. The floater, designed with a total storage capacity of 100,000…
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Navigator teams with Bumi Armada for UK CO2 shipping venture
[ad_1] New York-listed handysize gas carrier owner and operator Navigator Holding has teamed up with Malaysian floater and vessel contractor Bumi Armada to establish a CO2 shipping and injection solutions joint venture company in the UK. Called the Bluestreak CO2 Joint Venture, the company will be equally owned by Navigator and Bumi Armada, and target…
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Japan’s top shipbuilders set to build liquified CO2 carriers by 2027
[ad_1] Main shipbuilders in Japan have joined forces to design a liquified CO2 service, with the aim of ending development by 2027. With a rising variety of carbon seize and storage tasks anticipated in Asia, Mitsubishi Shipbuilding and Nihon Shipyard need to set up a shipbuilding framework to satisfy the demand for vessels facilitating the…