• Home
  • News
  • EXMAR and LATTICE announce joint development of CO2 carrier
  • 2021 October 22 17:15

    EXMAR and LATTICE announce joint development of CO2 carrier

    EXMAR and LATTICE Technology announced today that they have signed an agreement to jointly work on the  development of a new type of CO carrier, according to the company's release.

    The joint venture allows the two companies to combine their individual  expertise; EXMAR as a leading player in the design, ownership and operation of innovative and efficient gas carriers  and LATTICE Technology in creating innovative tank designs for CO₂ transport.       

    With the global need to decarbonize the atmosphere and our world economy heavily relying on a secure energy  supply, one of the promising fast-track solutions to cover both opportunities is Carbon Capture Utilization and Storage  (CCUS). To achieve sustainable CCUS projects, there will be a need to transport CO₂ in an economical way and on a  very large scale.   

    EXMAR and LATTICE Technology announce the signing of a joint development agreement for  the design of a 40,500 m³ CO₂ carrier, which is also suitable for LPG and Ammonia transportation. The Joint  Development Company will combine LATTICE’s innovative and efficient tank design for CO₂ transport together with  EXMAR’s strong knowledge and experience in design and operation of innovative and efficient gas carriers.   

    A study proved that the patented LATTICE tank design, Lattice Pressure Vessel (LPV), provides the best solution for  large-scale CO₂ transportation at low and medium pressures. The design and vessel size can be adjusted to meet all  required transport volumes to ensure the most optimal logistical solution in the most cost-competitive way. The initial  concept is a 195 meters long Panamax beam vessel with a cargo capacity of 40,500 m³. Such a vessel will be tailored to support CCUS projects with capacities ranging from 2 to 10 MTPA.

    Additionally, a 3,000 m3 storage capacity for low  CO₂ emitting fuels like LPG Ammonia or LNG has been foreseen.      

    The patented tank design will also provide the best storage solution for offshore CO₂ liquefaction or re-injection  projects. The robust pressurized storage tanks can be made in an efficient shape fitting the ship hull and allowing for  large storage capacity. An additional benefit for offshore storage is that the LPV design prevents sloshing problems  even in the harshest environments.

    About EXMAR:

    EXMAR is a provider of floating solutions for the operation, transportation and transformation of gas. EXMAR’s  mission is to serve customers with innovations in the field of offshore extraction, transformation, production, storage and  transportation by sea of liquefied natural gases, petrochemical gases and liquid hydrocarbons. EXMAR creates economically viable  and sustainable energy value chains in long-term alliances with first class business partners. EXMAR designs, builds, certifies, owns,  leases and operates specialized, floating maritime infrastructure for this purpose as well as aiming for the highest standards in  performing commercial, technical, quality assurance and administrative management for the entire maritime energy industry.  EXMAR is listed on Euronext Brussels (EXM) and is part of the BEL Small Index.   

    About LATTICE Technology:

    LATTICE Technology provides an innovative containment solution called the LPV (Lattice Pressure  Vessel), which is a ground-breaking free-form pressure tank for cargo tanks of liquefied gases (LPG/LNG/LH2/CO₂/Ammonia) for  ships, terminals, production facilities and trailers, as well as standalone fuel tanks for ships, land vehicles, and flying vehicles.  LATTICE Technology is located in Daejeon, South Korea with an office in Oslo, Norway.

2021 December 8

18:39 A robotic system intended to clean litter from the seafloor has passed its first real-life tests in Croatia
18:10 Arctic LNG 2 signs loan agreements with international banks
17:55 Eagle Bulk Shipping partners with sustainability pioneer GoodFuels to take on first biofuels
17:49 Russian Railways: Loading of export cargo bound for domestic ports grew by 7% in 11M’21
17:26 European shipowners call on Transport ministers to fix enforcement loopholes in FuelEU Maritime
17:06 Sewage from cargo ships may be legally discharged into the Baltic Sea - Gasum
16:42 Nordic Engineering supports Ship Repair, Modernization and Components Conference as its Partner
16:25 Wärtsilä thrusters to provide optimal propulsion performance for new Wind Turbine Installation Vessel
15:43 Zelenodolsk Shipyard named after A.M. Gorky lays down three sea-going tugboats of Project Т3150-ZD
15:14 Crowley announces 2050 net-zero commitment and activates key partnerships
14:55 Results of Atomflot’s summer-autumn navigation season rose from 66 to 111 icebreaker escort operations YoY
14:31 ICTSI continues to invest in Manila flagship
14:22 Parker altair® Neptune filtration system selected to provide reliable operation of Italian and US Navy vessels
13:47 Single-window concept applied at Ust-Luga – Baltiysk ferry line
13:21 Port of Long Beach opens survey on multimillion-dollar community grants
12:56 AS Tallink Grupp published its statistics for November 2021
12:32 Rosatomflot completed operation to escort ships out of the Northern Sea Route area
12:30 "K" Line and Shin Kurushima Dock get joint AIP for the concept design of Ammonia Fueled Car Carrier from ClassNK
12:09 APM Terminals Elizabeth targeting intermodal cargo
11:03 VRT Finland acquires Satamatieto Oy
10:29 ABP opens Vancouver Timber Terminal at the Port of Kings Lynn
10:10 Sea Port of Saint-Petersburg introduced unified digital system of production control
09:59 The Georgia Ports Authority to expedite 1.6M TEUs of on-terminal capacity by June
09:46 MABUX: Bunker prices may continue upward changes on Dec.8
09:28 Baltic Dry Index as of December 7
09:11 Crude oil market sees downward price correction

2021 December 7

18:15 Ernst Russ AG to acquire further shares in a Fleet Holding Company
17:59 Kuzey Star Shipyard holds steel cutting ceremony for Atomflot’s new floating dock
17:36 Stena Line expands and launches new route between Stockholm Norvik and Hanko
17:15 Boskalis consortium secures EUR 24 million research grant to advance emission-free shipping
16:45 New report highlights regional economic importance of Ports of Stockholm
16:33 LAS Admiral Panteleev of RF Navy’s Pacific Fleet started transition to Vladivostok from Indonesia after participation in ARNEX-2021
16:15 Angola starts CLOV Phase 2 project
15:50 Rosneft signed contract with Indian Oil for supplying up to 2 mln tons of crude oil to India
15:45 Strategic Marine wins additional order for new 42m Fast Crew Boat from Centus Marine
15:27 Ships of RF Navy and Egypt Navy start naval phase of Bridge of Friendship 2021 joint exercise
15:03 Wärtsilä partners with Microsoft to strengthen their Edge platform and industrialise Marine IoT
14:41 NOVATEK and RWE sign MOU on decarbonization and LNG
14:23 ABS grants Alfa Laval the marine industry’s first approval in principle for firing boilers with methanol
14:08 Nonius Engineering supports International Congress “Hydraulic Engineering Structures and Dredging” as its Sponsor
13:50 Cox Marine collaborates with clean maritime consortium to demonstrate world-first diesel-hydrogen outboard
13:22 The leading Russian supertrawler for the Russian Fishery Company has successfully inclined
12:36 Throughput of Rostov-on-Don port in 11M’2021 fell by 15%, year-on-year
12:14 Stena Line to open new daily route to Finland
11:49 Russia joins the Nairobi International Convention on the Removal of Wrecks
11:12 Exports of Sibanthracite Group to India in 2021 to total 3.5 million tonnes of coal and anthracite
11:00 Long Beach and Los Angeles keep ‘Container Dwell Fee’ on hold until Dec. 13
10:51 DSV launches Green Logistics to accelerate the green transition of the industry
10:47 Throughput of Taganrog port in 11M’2021 fell by 2% Y-o-Y
10:24 Average spot market price for Russian M100 product fell to RUB 25,252 pmt
10:06 Flag-raising ceremony held on Norvezhskoye More trawler, first serial factory ship of KMT01 design
09:45 MABUX: Global bunker indexes to turn to firm upward trend on Dec. 07
09:28 Baltic Dry Index as of December 3
09:13 Crude oil prices continue rising

2021 December 6

18:37 The Port of Bergen changes the name of the Hurtigruten terminal
18:22 Preliminary results of Volga Basin cargo traffic – 41.39 million tonnes
18:14 Equinor invests in battery storage company
17:55 ENGIE and Masdar form US$5 billion strategic alliance to drive UAE’s green hydrogen economy
17:38 Moody’s upgrades Global Ports’ rating to Ba1 with stable outlook
17:16 Solstad Offshore announces long-term contracts in Brazil