Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has initiated a feasibility study with TotalEnergies for development of a liquefied CO2 (LCO2) carrier. By furthering development of technologies to reduce the volume of CO2 emissions in the oil and gas industry, MHI Group aims to strengthen its businesses supporting strategic efforts for energy transition, according to the company's release.
MHI Group is pursuing a range of measures for a decarbonized society, and establishing a CO2 ecosystem is a key part of that effort.
Further, carbon dioxide capture, utilization, and storage (CCUS) is attracting attention worldwide as an effective means to achieve decarbonization. LCO2 carriers play a pivotal role in transporting CO2 from its emission sources to storage sites or facilities for utilization, and demand for these vessels is expected to increase in the future.
Mitsubishi Shipbuilding is actively pursuing commercialization of LCO2 carriers, and this project is expected to make a significant contribution to the establishment of a CO2 ecosystem in the CO2 transport sector, which will be an essential component of the CCUS value chain. MHI Group is aiming to contribute to the construction of the CCUS value chain that spans the sea and land by bringing together the knowledge of the Group companies, such as the advanced gas handling technologies accumulated by Mitsubishi Shipbuilding in building liquefied petroleum gas (LPG) carriers and liquefied natural gas (LNG) carriers, and the CO2 capture technologies of Mitsubishi Heavy Industries Engineering which has the world’s leading market share.
Going forward, through this joint project with TotalEnergies, MHI Group will continue to develop and offer a wide range of technologies related to the LCO2 carriers essential to building a CCUS value chain, and contribute to the realization of a decarbonized society.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world.