Korean shipyard, Hyundai Mipo Dockyard (HMD) is forging ahead with plans to commercialise ships capable of carrying CO2.
HMD has signed a joint development agreement with its parent company, Korea Shipbuilding & Offshore Engineering (KSOE), class society American Bureau of Shipping (ABS), and the Marshall Islands flag to develop commercially-viable vessels capable of transporting CO2.
“Along with the development of ammonia-fuelled ships and a liquefied hydrogen carrier, HMD is going to raise its competitiveness through this joint development project for the liquefied CO2 carrier in the shipbuilding field which is concentrating on the green growth market these days. It will make us a leader in the age of zero-carbon,” said Young-Jun Nam, HMD executive vice president.
The carrier design will use versions of HMD’s TYPE-C tank design to transport CO2 at a reduced liquified volume of 600 times less than gas volume.
“Carbon capture and storage (CCS) has the potential to make a significant contribution to global emissions reduction strategies and safe and efficient transport of liquefied carbon is going to be key to realising these goals.
