May 13 2021 ABS, Hyundai Mipo Dockyard Co., Ltd. (HMD), Korea Shipbuilding & Marine Engineering Co., Ltd (KSOE) and the Republic of the Marshall Islands (RMI) Maritime Administrator have signed a JDP to develop liquefied CO2 carrier designs. Meeting ambitious international climate goals may require global CO 2 emissions to fall below zero in the second half of this century, achieving what is known as net negative emissions. Technology for the collection and storage of carbon emissions is a cornerstone of carbon negative strategies, where an organization removes more CO 2 from the atmosphere than it emits.
“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 realizing these goals. Development of these next generation CO