Korean quartet to develop LCO2 carrier concept

Classification society Korean Register (KR) has signed a deal with a group of South Korean companies to develop a liquefied carbon dioxide (LCO2) carrier design.

PHOTO: Company representatives at the deal signing ceremony. KR

In addition to KR, other companies involved in the project include shipbuilders K Shipbuilding and Sunbo Industries, as well as chemical company Dongsung Finetec.

K Shipbuilding, will work on the design and development of the 12,000 cbm LCO2 carrier, and Sunbo Industries will develop the fuel supply and cargo handling systems for the vessel. The cargo tanks and LNG fuel tanks will be developed by Dongsung Finetec.

The classification society will “verify the safety and suitability of the ship in accordance with the classification rules and international conventions.”

“As Carbon Capture, Utilization and Storage (CCUS) technologies become increasingly important in response to the global trend in decarbonization policies, the demand for LCO2 carriers to transport captured carbon dioxide by sea is expected to grow significantly, with many orders expected,” KR says.

By Tuhin Roy

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