Oslo-listed investment company Hunter Group ASA teams up with classification giant DNV to develop a low pressure mid-stream shipping solution for carbon capture and storage.
The two parties have sealed an agreement for joint cooperation to develop a 40-70K cbm liquified CO2 carrier with 20-30K cbm feeder vessels, with the aim to meet defined targets towards a sustainable CCS shipping solution, to be operated on the Norwegian Continental Shelf and European waters.
Both technological and operational measures will be assessed, as well as hull and cargo tank designs. Alternative fuels such as ammonia, methanol, fuel cells and CO2 abatement technologies will also be evaluated as part of this project.
Norway´s Hunter Group said that a large portion of the captured CO2 will involve seaborne transportation, which will require a substantial number of large CO2 carriers.
“While short term goals can be achieved by currently available technology, intermediate and long term sustainable solutions require further study and need to be developed,” highlights the investment firm.
Commenting on the partnership, CEO Erik A.S. Frydendal of Hunter Group said: “We are looking forward to working closely with the highly competent people at DNV, a world leading Classification Society and the only one with CO2 transportation experience, to develop a shipping solution that will contribute to dramatically to reduce GHG Emissions and hopefully get us closer to reaching the goals of Net Zero by 2050.”
From his side Trond Hodne, Business Director Maritime of DNV mentioned: “We are looking forward to working with Hunter Group in order to attempt to solve the challenges facing CCS shipping, both when it comes to hull and cargo designs as well as choice of fuel.”