NYK and partners to study CCS value chain

Japanese shipping company Nippon Yusen Kaisha (NYK Line) and its affiliate Knutsen NYK Carbon Carriers have teamed up with Petronas CCS Solutions to study the technical and commercial feasibility of a carbon capture and storage (CCS) value chain.

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Petronas CCS Solutions (PCCSS) is a unit of Malaysia’s Petroliam Nasional Berhad (Petronas), which focuses on development of CCS infrastructure in Malaysia.

The study will focus on transporting liquid carbon dioxide (LCO2) at ambient temperatures and elevated pressures.

It will examine cross-border marine transportation of LCO2, along with temporary storage and offshore injection into subsurface reservoirs.

“Through this collaboration with PCCSS, NYK aims to contribute to the development of a cross-border CCS value chain in Malaysia, which has the potential to serve as a CCS hub, leveraging our track record of developing comprehensive logistics businesses in Japan and overseas,” said Masaki Ono, general manager of NYK’s Offshore Business Group.

By Tuhin Roy

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