Capital Gas Ship Management orders two ammonia-ready LCO2 carriers

Greek firm Capital Gas Ship Management has ordered two ammonia-ready low-pressure LCO2 carriers from South Korea’s Hyundai Mipo Dockyard.

PHOTO: Model of Capital Ship Management's upcoming LCO2 carrier. LR

Ammonia-ready means that the vessels will not be capable of running on ammonia upon delivery, but they will have the option to be retrofitted for ammonia propulsion in the future.

Lloyd's Register (LR) will classify the 22,000-cbm carriers before their delivery in 2025 and 2026.

The storage tanks on the vessels will feature “lighter scantling that maintains the tanks’ structural integrity”. Lighter scantling refers to the use of lightweight construction materials in storage tank construction. It allows the tanks to be lighter and function more efficiently while still maintaining the necessary structural stability.

It will allow “an upscale in the size of the LCO2 carrier, improving storage and transportation, something shipbuilders were not able to do with more conventional materials,” LR explained.

“This [development of ammonia-ready LCO2 carriers] constitutes a key milestone project for the CO2 value chain conveying the right message to hard-to-abate sectors that rely on CCUS for their transition,” Andy McKeran, chief commercial officer at LR added.

“Carbon Capture Use and Storage (CCUS) can be retrofitted to existing power and industrial plants, allowing for their continued operation. It can tackle emissions in hard-to-abate sectors, particularly heavy industries like cement, steel, or chemical manufacture,” LR noted.

Moreover, the "innovative" storage tank materials will allow the vessels to carry liquid petroleum gas (LPG) and ammonia (NH3) in addition to LCO2, according to LR.

By Konica Bhatt

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