Norwegian Aker Carbon Capture and Danish Dan-Unity CO2 have signed a collaboration agreement to develop flexible CO2 transport solutions, aiming to establish a full carbon capture, utilization and storage (CCUS) value chain.
Under the agreement, the industry partners will explore the development potential of future CCS value chains by collaborating on market analysis and insight, with the aim of identifying and maturing specific opportunities.
The companies plan to use their industry expertise to identify technical and commercial risks across the CCS value chain.
Specifically, capture and liquefaction technology, loading and offloading operations, offshore offloading, intermediate storage and permanent subsurface storage will be examined.
In November 2021, Dan-Unity CO2, the world’s first CCS-specific shipping entity established by Danish shipping companies, Evergas and Navigator Gas, revealed its plans to order the world’s first vessels capable of large-scale CO2 transportation.
Designed by engineering contractor TGE Marine, the 12,500 cbm and 22,000 cbm vessels received approval in principle from the American Bureau of Shipping (ABS).
“The key to success for CCUS comes by strong partnerships, enabling to offer customers cost-effective and safe solutions all the way”, said Steffen Jacobsen, CEO of Dan-Unity CO2. “Transporting CO2 by sea allows for maximum flexibility and multiple sourcing points, thus unlocking economies of scale for many CCS projects, often delivering a lower cost per tonnes compared with other transport solutions.”
Commenting on the partnership, John Christopher Knudsen, chief commercial officer at Aker Carbon Capture, added: “By teaming up with the industry leaders in the fields of CO2 transport and storage, we aim to establish compelling full value chain offerings that will enable industrial emitters of CO2 to decarbonise their assets faster.”
The pure-play carbon capture company is also collaborating with Altera Infrastructure and Höegh LNG on offering carbon capture as a service to industrial emitters. In this non-exclusive collaboration, the partners want to enable cost-effective implementation of the full value chain needed for CCUS projects.
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