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MITSUBISHI AND TOTAL LAUNCH LIQUEFIED CO2 CARRIER PROJECT

MITSUBISHI AND TOTAL LAUNCH LIQUEFIED CO2 CARRIER PROJECT

Friday, August 27, 2021 

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has initiated a feasibility study with TotalEnergies of France for development of a liquefied CO2 (LCO2) carrier, hoping the demonstrate the possibility of reducing the volume of CO2 emissions in the oil and gas industry, develop carbon capture, utilisation and storage (CCUS) and support strategic efforts for energy transition.

MHI Group is pursuing a range of measures for a decarbonised society, and establishing a CO2 ecosystem is a key part of that effort. CCUS is attracting global attention as an effective means to help achieve decarbonisation. LCO2 carriers will play a pivotal role in transporting CO2 from its emission sources to storage sites or facilities for utilisation, and demand for these vessels is expected to increase in the future.

Mitsubishi Shipbuilding is actively pursuing commercialisation 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 aims to contribute to the construction of the CCUS value chain that spans 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 LPG and LNG carriers, and the CO2 capture technologies of Mitsubishi Heavy Industries Engineering which has a leading market share.

Bruno Seilhan, VP CCUS, TotalEnergies, said: “We are pleased to partner with Mitsubishi, whose expertise in shipbuilding is well proven, in order to study large tonnage liquid CO2 carrier opportunities. Such vessels will be key to accommodate the expected surge in transported CO2 volumes for geological storage triggered by the acceleration in net zero carbon targets worldwide and to meet world industrial emitters’ needs. It is fully aligned with our Climate Ambition to get to net zero emissions by 2050.”

Toru Kitamura, President, Mitsubishi Shipbuilding, said: “We are pleased that TotalEnergies, which plays an important role in the world’s leading CCUS value chain market, has expressed high regard for our technology and experience. We believe that LCO2 carriers are an effective solution for achieving a decarbonized world. We will continue to actively pursue technology development in cooperation with partners seeking to achieve decarbonization using LCO2 carriers, with the aim of market formation for the CCUS value chain.”

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