‘K’ Line LNG Shipping has entered into a charter agreement with Northern Lights, the Equinor, Shell and TotalEnergies joint venture for two 7,500 m3 liquefied CO2 (LCO2) ships, which will be delivered in 2024 and employed in the first full-scale carbon capture and storage (CCS) value chain.
‘K’ Line’s subsidiary ‘K’ Line LNG Shipping (UK) will undertake the management of the two ships transporting LCO2 from industrial emitters, including the Norcem Brevik and Hafslund Oslo Celsio carbon capture facilities, to the Northern Lights CO2 receiving terminal in Øygarden, Norway.
Børre Jacobsen, MD Northern Lights said: “’K’ Line has deep experience in liquefied gas transport and a strong safety and environmental track record. We are pleased to partner with ‘K’ Line in operationalising this innovative value chain.”
CO2 transport is a key component to connect industrial emitters in Europe to suitable and safe CO2 storage sites such as the one operated by Northern Lights in the North Sea. Northern Lights offers a ship-based solution that provides flexibility to reach emitters across Europe. Shipping is a scalable CO2 transport solution that is suited for European distances. Developing a flexible shipping solution as part of the first cross-border CO2 transport and storage network, Northern Lights is contributing to the development of a market for CO2 storage.
Yukikazu Myochin, ‘K’ Line President and CEO said: “We are honoured to participate in the Northern Lights project and contribute to the decarbonisation of industry. We have been able to develop a new field by making use of our decades of know-how in liquefied gas transport.”
Northern Lights and ‘K’ Line will jointly establish operational procedures for safe transportation of LCO2. The ships are classified by DNV and will be registered in Norway and operated under Norwegian flag by mainly Norwegian shipboard personnel.
