K-Line says, “We will provide liquefied CO2 transportation services that leverage the knowledge and experience of those involved, and contribute to a carbon-neutral society through CO2 transportation.''
The Japanese government is preparing the business environment for the start of CCS business by 2030, and plans to expand the CCS value chain and reduce costs by introducing a hub/cluster structure.
K-Line added that it is promoting various initiatives to support low-carbon and decarbonization of business and society based on the company's long-term environmental policy, “K-Line Environmental Vision 2050.''
The company plans to begin operating a liquefied CO2 carrier for Northern Lights this year, which is “the world's first full-scale CCS project,” and announced that it has established a dedicated team to ensure the safe and reliable operation of the liquefied CO2 carrier. .
K-Line has signed charter agreements with three LCO2 carriers under the Northern Lights project, a joint venture involving energy giants Shell, Equinor and Total Energy. The new ship combines LNG propulsion with wind-assisted technology and air lubrication and is being built at Dalian Shipbuilding Offshore (DSOC) in China.
Regarding Japan Gas Line, particularly regarding the CCS project, K-Line pointed out that Japan is contracted to operate and manage liquefied CO2 carriers, and is developing low-temperature, low-pressure liquefied CO2 operation and cargo handling technology. .
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