Knutsen NYK Carbon Carriers AS (“KNCC”), a Joint Venture Company between NYK Line and Knutsen Group, and COSCO Shipping Heavy Industry Co., Ltd. (“CHI”) has signed a Joint Study Agreement to ensure market preparedness and detail design development for Liquefied Carbon Dioxide (LCO2) Carriers to Support the Rising Market of CCUS Projects Being Developed Globally.
(Knutsen NYK Carbon Carriers) The LCO2 carrier under the joint study will be based on KNCC’s proprietary LCO2-Elevated Pressure (“LCO2-EP”) technology. The vessel design, including cargo tanks, has been already granted AiP in 2022 and the LCO2-EP cargo tanks further attained