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Date: 05/09/2023

NYK receives contract to conduct study on marine transportation of liquefied CO2

NYK was recently commissioned by a consortium comprising ENEOS Corporation (ENEOS), Electric Power Development Co. (J-POWER) and JX Nippon Oil & Gas Exploration Corporation to conduct a study on the marine transportation of liquefied carbon dioxide (CO2) as a part of a fiscal 2023 feasibility study on advanced CCS projects in Japan. CCS is a technology for capturing CO2, a cause of global warming, and storing it underground. For the consortium, NYK will study the economics and feasibility of the technology for transporting by ship CO2 emitted in western Japan from ENEOS refineries and J-POWER thermal power plants to a point where the CO2 can be injected underground.

Source : Our Correspondent