MOL partners with PETRONAS CCS, MISC for liquefied CO₂ carriers
MOL will invest in the development of liquefied CO₂ carriers in a joint venture with PETRONAS CCS Ventures and MISC Berhad.
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MOL will invest in the development of liquefied CO₂ carriers in a joint venture with PETRONAS CCS Ventures and MISC Berhad.
The project had been shut down since May 2020.
Future Energy Exports CRC, JX Nippon Oil & Gas Exploration Corporation, Low Emission Technology Australia, Mitsui O.S.K.
Future Energy Exports CRC Limited (FEnEx CRC), JX Nippon Oil & Gas Exploration Corporation (JX NOEX), Low Emission Technology Australia (LETA), Mitsui O.S.K. Lines (MOL) and Osaka Gas have executed a project agreement to conduct research and development for transport of CO2 by ships.
The LP Technology R&D Project will involve studying behaviour and boil off characteristics of liquid CO2 under dynamic operating conditions and the impact of non-CO2 components through the following activities