Japanese shipowner Mitsui OSK Line (Mol) and Malaysia's state-owned Petronas will discuss liquefied carbon dioxide (CO2) shipping for carbon capture, utilisation and storage (CCUS) in Asia-Pacific.

The companies yesterday signed an agreement on a joint study to discuss liquefied CO2 carriers, aiming to establish the best way to transport captured CO2 to the destination. Norway's Larvik Shipping, which operates liquefied CO2 tankers in Europe, will join the project to provide its shipping knowledge.

Mol in March last year acquired 25pc of Larvik Shipping to enhance Mol's entrance into the liquefied CO2 transport sector, in anticipation of the growing CO2 shipping demand in CCUS value chains.

The CCUS project is part of Mol's efforts to achieve carbon neutrality by 2050.

Petronas is also accelerating its CCS studies, exploring potential for CO2 storage in Malaysia. The company last month partnered Japanese upstream firm Japex to discuss suitable storage sites in the country for CO2 emitted from Petronas' Bintulu LNG complex in Sarawak, as well as that delivered from outside Malaysia.

By Maiko Nakashima

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Argus Media Limited published this content on 08 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2022 12:01:01 UTC.