Belgian shipping company Exmar and South Korean technology group Lattice have signed an agreement to jointly work on the development of a new type of gas carrier for carbon dioxide.
The two companies have agreed to design a 40,500cu.m carrier, which will also be also suitable for liquefied petroleum gas (LPG) and ammonia transport. The initial concept is a 195m-long panamax beam vessel. Additionally, 3,000cu.m of storage capacity for low carbon dioxide-emitting fuels like LPG, Ammonia, or LNG has been foreseen.
The joint venture allows the two companies to combine their individual expertise. Exmar is involved in the design, ownership and operation of gas carriers and Lattice develops tank designs for carbon dioxide transport.
Exmar said it expects more carbon capture utilisation and storage (CCUS) projects in future. To achieve sustainable CCU, there will be a need to transport carbon dioxide in an economical way and on a very large scale.
Exmar and Lattice announce joint development of CO₂-carrier