Mitsubishi Shipbuilding and NYK Line Obtain Approval in Principle (AiP) from Classification Society ClassNK for Large LCO2 Carrier

TOKYO, May 16, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Yusen Kabushiki Kaisha (NYK Line) have been granted Approval in Principle (AiP)(Note) from the Japanese classification society ClassNK for joint development of CO2 transport technology for liquefied CO2 (LCO2) carriers.Image of an LCO2 carrierLCO2 carriers transport liquefied CO2 at low temperature and high pressure, which is contained in the cargo tank system. Since the design of cargo containment system depend strongly on the condition of liquefied CO2 such as their temperature and pressure, it is an important technical development issue to increase the size of cargo tank systems and hulls for future mass transportation.In the joint development of LCO2 carriers by Mitsubishi Shipbuilding and NYK Line, which is so performed as to resolve such technical issues, the feasibility and compliance with regulations and standards were confirmed for each cargo tank system and hull section, taking into account different tank pressure settings for medium and large vessels, leading to the grant of the AiP.MHI Group is strategically working to strengthen the energy transition business, and Mitsubishi Shipbuilding is promoting the development and commercialization of LCO2 carriers. MHI believes that the grant of the AiP for a large LCO2 carrier will make a significant contribution to the realization of this strategy.NYK Line believes that the establishment of CO2 transport technology by large vessels will greatly contribute to the realization of a carbon-neutral society. NYK is working together with the MHI Group, which possesses a wide range of technologies in the CCUS value chain, to achieve the early realization of not only small and medium-sized vessels but also large LCO2 carriers. Based on the design of the LCO2 carrier granted the AiP, NYK Line will further promote its participation in the CCUS value chain, such as by studying the design of the LCO2 carrier for each project, including further enlargement of the size of vessels.Mitsubishi Shipbuilding and NYK Line will utilize the strengths and knowledge of each company, which complement each other, to advance the joint development currently underway, and through the AiP, will continue to make efforts to develop various technologies, including LCO2 carriers, necessary for building the CCUS value chain, and contribute to the realization of a carbon-neutral society.Mitsubishi Shipbuilding has established the MARINE FUTURE STREAM vision for 2050 in the ship and marine sector, setting the goals of "decarbonization of the maritime economy" through autonomous operation and electrification, and "safe and secure future for society" through renewable energy and the carbon cycle, and working to generate and implement ideas for marine-related innovation. Going forward, as a marine systems integrator, Mitsubishi Shipbuilding will continue to actively develop and commercialize LCO2 carriers, build a CCUS value chain spanning land and sea, and strive to realize a decarbonized world.*Approval in Principle (AiP) indicates that a certification body has reviewed the basic design and confirmed that it meets the technical requirements and standards for safety. The inspection of this system was conducted based on the IGC Code that applies to marine vessels that transport liquefied gas in bulk and NK's ship classification regulations.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

Eisai: Latest Findings on Lecanemab Presented at AD/PD 2022 Annual Meeting

CAMBRIDGE, Mass., and TOKYO, Mar 22, 2022 - (JCN Newswire via SEAPRWire.com) - Eisai Co., Ltd. and Biogen Inc. announced today that the latest findings on lecanemab, an investigational anti-amyloid-beta (Abeta) protofibril antibody being developed for the treatment of early Alzheimer's disease (AD), were presented at the Abeta Targeted Therapies in AD 2 Symposium at the 2022 International Conference on Alzheimer's and Parkinson's Diseases (AD/PD) March 15-20 in Barcelona, Spain and virtually.Four key symposium presentations explored how lecanemab's clinical efficacy data, overall amyloid-related imaging abnormality (ARIA) rates, biomarker relationships to clinical outcomes, potential dosing regimens, and administration have the potential to benefit people living with early AD.1. Science of the Amyloid Cascade and Distinct Mechanism of Action (MoA) of Lecanemab- BioArctic's Professor Lars Lannfelt presented the science of the amyloid cascade and studies evaluating lecanemab's distinct binding profile to antibodies created from patented sequences of two other clinical antibodies, aducanumab and gantenerumab. The three antibodies have different binding profiles to Abeta species. All three antibodies bind to fibrils, but with different selectivity. Lecanemab was the strongest Abeta binder and prefers protofibrils. Lecanemab's binding profile is critical to enriching our understanding of the features in clinical outcomes and safety. BioArctic has had a long-term collaboration with Eisai regarding the development and commercialization of drugs for the treatment of AD.2. Key Trial Design Aspects and Clinical Outcomes of the Lecanemab Phase 2b (Study 201) Trial and Open-Label Extension (OLE) in Early AD- Innovative Bayesian Adaptive Randomization Design and Dose Regimen-Finding Study with OLE - Study 201 (published by Eisai in Alz Res Therapy 13;21) was prospectively designed as a blinded 18-month study. To accelerate the development program, Eisai used a Bayesian adaptive design with a prespecified 12-month Bayesian primary endpoint in addition to the prespecified traditional analysis at the end of the 18-month treatment period. The OLE evaluated the long-term safety and tolerability of lecanemab and the effect of lecanemab on amyloid PET over 12 months of treatment, which looked at treatment naive patients (those on placebo during the core study) and those patients who had previously been treated with lecanemab, including earlier time points (3 and 6 months) than in the core phase (12 and 18 months). Eisai's study design provided the opportunity to explore the biomarker and clinical effects of stopping and restarting lecanemab across five years of disease trajectory.- Rapid and Thorough Amyloid Clearance Correlates with Clinical Benefit - By using the Bayesian study design across a broad range of doses, researchers were able to efficiently and effectively identify the most effective dose, 10 mg/kg biweekly, to produce rapid and thorough amyloid clearance and potential clinical efficacy. Of the approximately 12 treatment-naive patients in the OLE (those who received placebo in the Core study), more than 40 percent were amyloid negative as early as 3 months and more than 80% were amyloid negative by 12 months as measured by PET image (visual read).(1) The OLE results are consistent with core phase results in which 65% were amyloid negative at 12 months(1) and 81% of participants were amyloid negative at 18 months as measured by PET image (visual read) in 161 subjects treated with 10 mg/kg biweekly dose. Robust amyloid reduction in those receiving lecanemab in the Core study was maintained while off-treatment over the Gap period. Despite the small number of participants in the OLE, findings help confirm the results from the Core study: lecanemab rapidly and thoroughly cleared amyloid plaque from the brain. Study 201 established 10 mg/kg biweekly as the most effective dose of lecanemab based on ADCOMS. Lecanemab could potentially be administered at 10mg/kg on the first day of treatment and continue at biweekly intervals without titration.ARIA Incidence, Frequency, Severity and ModelingARIA-E is an important adverse event of amyloid-lowering therapies that is critical to monitor and manage during treatment.Study 201 Core ARIA-E RatesARIA-E was observed in allele groups administered 10 mg/kg biweekly at the following rates: overall ApoE4 carriers 14.3% (7/49), ApoE4 carriers homozygous 50.0% (5/10), ApoE4 carriers heterozygous 5.1% (2/39) and ApoE4 non-carriers 8.0% (9/112). The overall ARIA-E rate in the Core study was 9.9% (16/161) of patients treated with lecanemab 10 mg/kg biweekly compared with 0.8% (2/245) of placebo patients.Study 201 OLE ARIA-E RatesAlthough ApoE carriers were underrepresented in the 10 mg/kg biweekly group in Study 201 Core, all participants entering Study 201 OLE (69.4% of whom were ApoE4 carriers) were treated with 10 mg/kg biweekly, and ARIA rates were consistent with those in the Core study. Forty-five participants who received placebo in the Core study joined the OLE. ARIA-E was observed in allele groups newly treated with 10 mg/kg biweekly in the OLE at the following rates: overall ApoE4 carriers 12.9% (4/31), ApE4 carriers homozygous 25.0% (1/4), ApoE4 carriers heterozygous 11.1% (3/27) and ApoE4 negative 0.0% (0/14). In the OLE study, overall ARIA-E rates were as follows: ApoE4 carriers 10.4% (13/125), ApoE4 carriers homozygous 14.3% (4/28), ApoE4 carriers heterozygous 9.3% (9/97) and ApoE4 non-carriers 1.8% (1/55).Study 201 Core and OLE Pooled ARIA-E RatesIn the Core and the OLE, ARIA-E was observed in allele groups administered 10 mg/kg biweekly at the following rates: ApoE4 carriers 13.8% (11/80), ApoE4 carriers homozygous 42.9% (6/14), ApoE4 carriers heterozygous 7.6% (5/66) and ApoE non-carriers 7.1% (9/126). The overall ARIA- E rate was 9.7% (20/206) of patients treated with lecanemab 10 mg/kg biweekly.ARIA-E Rates Frequency and SeverityIn the Core study and OLE, the majority of ARIA-E events occurred within the first 3 months of treatment (75% [12/16]) and resolved within 4 months of onset. For the majority of patients, the radiographic severity was mild or moderate; severe radiographic severity was reported in 1.2% (2/161) of patients. The majority of ARIA-E was asymptomatic; with symptomatic ARIA-E reported in 1.9% (3/161) of patients. Symptoms reported in association with ARIA-E included headache, visual disturbance, confusion, aphasia. There has been a single case of ARIA-E associated with seizure in the Core study and OLE to date. Exposure-Response Model Predicted and Observed ARIA-E vs. Cmax for APOE 4The PK/PD exposure-ARIA-E model was developed from the Core study utilizing data from all doses and demonstrated that ARIA-E is driven primarily by Cmax. The ApoE4 genotype is a significant covariate in the model. The PK/PD model predicted ARIA-E by Cmax at the 10 mg/kg biweekly dose in the Core study by allele group as follows: ApoE4 carriers homozygous 22.5%, ApoE4 carriers heterozygous 6.8% and ApoE4 non-carriers 5.4%. In addition to the modeling predicting ARIA-E by Cmax in the Core study, it confirmed the observed ARIA-E in the OLE. Given the small data set for ApoE4 homozygous patients, this will be evaluated in Eisai's Phase 3 Clarity AD clinical trial.ARIA-H RatesIn the Core study, the incidence was higher in ApoE4 homozygous carriers than in ApoE4 heterozygous carriers and non-carriers. ARIA-H was observed in 6.2% (10/161) of patients treated with lecanemab 10 mg/kg biweekly compared with 4.9% (12/245) of placebo patients. The rate of ARIA-H was higher in ApoE4 carriers (12.2% [6/49] vs placebo 5.2% [9/174]), than in ApoE 4 non- carriers (3.6% [4/112] vs placebo 4.2% [3/71]). All patients with microhemorrhage or superficial siderosis were asymptomatic. There has been one report of symptomatic cerebral macrohemorrhage. These data are hypothesis-generating and will be further evaluated in Clarity AD.3. Phase 2b (Study 201) Lecanemab Early AD Study Biomarker Results, Correlations with Clinical Outcomes and Potential Less-Frequent Maintenance Dosing- Abeta42/40 and P-Tau181 are plasma biomarkers that signal sequential changes in AD progression. Lecanemab has an effect on these plasma biomarkers as amyloid plaque reduction is related to soluble amyloid and P-Tau. Lecanemab has a dose- and time-dependent reduction of amyloid plaques with a correlated increase in plasma Abeta42/40 and a decrease in plasma P-Tau181. Changes in plasma Abeta42/40 and P-Tau18 also correlate with change from baseline Clinical Dementia Rating scale Sum of Boxes (CDR-SB). In the Core study, a correlation in change from baseline in amyloid PET SUVR and plasma Abeta42/40 ratio and plasma P-tau181 was observed at 18 months, indicating that plasma biomarkers could potentially help with measuring clinical changes.- When lecanemab treatment was discontinued at the end of the Core study, changes in the plasma Abeta42/40 (47%), P-Tau18 (24%), and amyloid PET SUVR (21%), gradually began to reverse, suggesting stopping therapy prematurely may potentially allow re-accumulation of pathology. Less frequent maintenance treatment to prevent re-accumulation may be possible based on data and modeling. Eisai will further explore maintenance dosing in the subcutaneous substudy of the Study 201 OLE, which will evaluate alternative dosing every 4 weeks or every 12 weeks.- Increasing strong evidence highlights the role of amyloid plaques in triggering tau dysregulation and researchers optimize tau therapeutics by removing a key driver of tau dyshomeostasis (amyloid). For this reason, the Dominantly Inherited Alzheimer Network Trials Unit (DIAN-TU), led by Washington University School of Medicine in St. Louis, selected lecanemab as the backbone anti-amyloid therapy for anti-tau combination for the ongoing component of the Tau NexGen clinical study, which continues enrollment efforts. 4. Update on Lecanemab Clinical Development, Including New Subcutaneous FormulationEisai's Dr. Michael Irizarry Senior VP of Clinical Research and Deputy Chief Clinical Officer presented updates on key lecanemab clinical trials.- Clarity AD Phase 3: The innovative Bayesian design of lecanemab's robust dose-ranging Phase 2b study allowed Eisai to design the Phase 3 confirmatory Clarity AD clinical trial to verify lecanemab's clinical efficacy and safety in early AD. Enrollment is complete with 1,795 participants globally. Additionally, Eisai's recruitment strategy for the Clarity AD clinical trial ensured greater inclusion of ethnic and racial populations in the U.S., resulting in approximately 25% of the total U.S. enrollment including Hispanic (22.5%) and African American (4.5%) persons living with early AD, which mirrors the U.S. Medicare population. The readout will occur in Fall 2022.- AHEAD3-45 Phase 3 Study in Preclinical AD: As of March 2022, there were over 2,900 people screened, resulting in 287 participants enrolled.- Clarity AD Subcutaneous Substudy: Eisai is developing a subcutaneous formulation of lecanemab with the potential to be administered at home by the patient or caregiver via an auto-injector with a more rapid administration than the IV formulation ("The invited lecanemab presentations at AD/PD provide new and exciting insights into how the mechanism of action of late-stage anti-amyloid antibodies differ and how that may help simplify the patient journey by offering a less frequent dosing regimen while providing long-term benefit," said Lynn Kramer, M.D., Chief Clinical Officer, Neurology Business Group, Eisai. "Eisai aims to bring these potential innovations to people living with early AD and healthcare providers as quickly as possible as we work to fulfill our human health care mission."Lecanemab was granted Breakthrough Therapy and Fast Track designations by the U.S. Food and Drug Administration (FDA) in June and December 2021, respectively. Eisai anticipates completing lecanemab's rolling submission of a Biologics License Application for the treatment of early AD to the FDA under the accelerated approval pathway. Eisai expects to complete this rolling submission in the first quarter of our fiscal year 2022, which begins April 1, 2022. Eisai initiated a submission to the Pharmaceuticals and Medical Devices Agency (PMDA) of application data of lecanemab under the prior assessment consultation system in Japan in March 2022. Additionally, the readout of the Phase 3 confirmatory Clarity AD clinical trial will occur in the Fall of 2022. Eisai serves as the lead of lecanemab development and regulatory submissions globally with both companies co-commercializing and co-promoting the product and Eisai having final decision-making authority.This release discusses investigational uses of an agent in development and is not intended to convey conclusions about efficacy or safety. There is no guarantee that such an investigational agent will successfully complete clinical development or gain health authority approval.(1) Swanson C.et all, November, 9-12, 2021, Clinical Trials On Alzheimer's Disease Annual Meeting, Lecanemab: An Assessment of the Clinical Effects, the Correlation of Plasma Abeta 42/40 Ratio With Changes in Brain Amyloid PET SUVr, and Safety from the Core and Open Label Extension of the Phase 2 Proof-of- Concept Study, BAN2401-G000-201, in Subjects With Early Alzheimer's Disease. Contacts:MEDIA CONTACT:Eisai Co., Ltd.Public Relations Department+81-(0)3-3817-5120Eisai Inc. (U.S.) Libby Holman+ 1-201-753-1945Libby_Holman@eisai.comINVESTOR CONTACT:Eisai Co., Ltd.Investor Relations Department+81-(0)70-8688-9685MEDIA CONTACT:Biogen Inc. Ashleigh Koss+ 1-908-205-2572public.affairs@biogen.comINVESTOR CONTACT:Biogen Inc. Mike Hencke+ 1-781-464-2442IR@biogen.comFor more information, visit https://www.eisai.com/news/2022/pdf/enews202221pdf.pdf. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

Mitsubishi Shipbuilding Establishes New Specialized Organization for Marine Decarbonization

TOKYO, Feb 1, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, today established Marine Decarbonation Business Development Group responding to the energy transition strategy promoted by MHI Group. This new organization, by consolidating a range of functions, from technology development and market research to the formulation and implementation of business strategies, will utilize the advanced technologies accumulated by the company over its long history of shipbuilding, in order to accelerate technological development and new business creation in the marine decarbonization field, and respond promptly to global trends and market needs to realize a carbon neutral world.Illustration of an LCO2 carrierMHI/Mitsubishi Shipbuilding has built more than 5,000 vessels since its founding in 1884, actively adopting new technologies as a pioneer in the construction of energy carriers, including coal carriers, oil tankers, and liquified gas carriers (LPG and LNG carriers). The recent drive for decarbonization will require a transition to new energy, and premised on global trade, demand is expected to increase for clean energy carriers for ammonia and other materials, as well as LCO2 carriers to support reverse logistics for fossil fuels. In response, Mitsubishi Shipbuilding, by bringing together the many types of products and technologies for both land and sea from across MHI Group, and providing customers and partners aiming to decarbonize with its differentiated technologies, products, systems, and comprehensive solutions, will contribute to the realization of decarbonized world.Commenting on the establishment of Marine Decarbonation Business Development Group, Toru Kitamura, President and CEO of Mitsubishi Shipbuilding said, "We have received numerous inquiries from customers regarding growth sectors such as LCO2 carriers and ammonia fuel vessels and we need a dedicated organization to coordinate the technological innovation and handle this business. The establishment of the Marine Decarbonation Business Development Group will accelerate the pioneering of new businesses that utilize and apply the oil and gas technologies possessed by Mitsubishi Shipbuilding, and in combination with conventional shipbuilding technologies, allow us to achieve "organizational ambidexterity."As part of the energy transition strategy promoted by MHI Group, Mitsubishi Shipbuilding has set a growth strategy called "MARINE FUTURE STREAM," focused on the ship and marine sector. In this strategy, the company has set goals for the decarbonization of the maritime economy through clean energy and the carbon cycle, the effective utilization of the marine space with digitalization and electrification, and the generation of new ideas through marine-related innovation. By realizing the strategy, Mitsubishi Shipbuilding will respond to the demands of customers and society to resolve issues.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

MHI to Participate in “CO2LOS III” Project, Aiming to Achieve Business in CO2 Shipping

TOKYO, Nov 11, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) will participate in "CO2LOS III" (CO2 Logistics by Ship Phase III), a project to consider issues needing to be addressed in order to achieve business in liquefied CO2 (LCO2) carriers. CO2LOS III is aimed at promoting the development of technologies for transporting LCO2 by ship, as a complement to existing pipeline transport, through a partnership targeting sharing of knowledge and information necessary for understanding future needs and solutions in CO2 transport.Image of an LCO2 CarrierPartners in the project, co-founded by the Norwegian CLIMIT-Demo programme via Gassnova, include MHI, Air Liquide S.A., BP, Brevik Engineering AS, Equinor Energy AS, Gassco AS, SINTEF, TotalEnergies and Mitsubishi Corporation. By collaborating with these leading enterprises of Europe, where decarbonization projects are robust in the area of CO2 transport, an indispensable part of the CCUS (carbon capture, utilization and storage) value chain, MHI anticipates significant contributions to LCO2 carrier development and market expansion.MHI Group will contribute to building a CCUS value chain spanning land and sea by bringing to the project the full complement of its Groupwide knowledge and expertise. This includes the advanced gas handling technologies accumulated through Mitsubishi Shipbuilding Co., Ltd.'s construction of liquefied gas carriers (both liquefied petroleum gas [LPG] and liquefied natural gas [LNG]) and Mitsubishi Heavy Industries Engineering, Ltd.'s widely adopted carbon capture technologies.CCUS and CCS (carbon capture and storage) are garnering attention today as effective means of achieving a carbon-neutral society. Within their value chains, LCO2 carriers will play a vital role in transporting LCO2 to storage and utilization sites, and demand for such transport vessels is projected to expand in the future.MHI Group is currently undertaking strategic strengthening of business in the energy transition, and CO2 ecosystem building is central to this initiative. Through its participation in CO2LOS III, the Company will continue to focus on developing and providing the technologies relating to the LCO2 carriers necessary to CCUS value chain building, to make important contributions toward realizing the carbon-neutral society of tomorrow.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

Mitsubishi Shipbuilding and Mitsui O.S.K. Lines Complete Concept Study for LCO2 Carrier

TOKYO, Nov 10, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has recently completed a concept study with Mitsui O.S.K. Lines, Ltd. regarding liquefied CO2 (LCO2) carriers. This project will combine Mitsubishi Shipbuilding's advanced gas handling technologies accumulated through the construction of liquified gas carriers (LPG and LNG carriers), with Mitsui O.S.K. Lines' wealth of knowledge on operations for a wide range of vessels, to facilitate the development of technologies for marine transport of CO2, a field where demand is projected to increase globally.Image of an LCO2 carrierCarbon dioxide capture, utilization, and storage (CCUS) is attracting attention worldwide as an effective means to achieve a carbon neutral world. LCO2 carriers will play a pivotal role in the value chain by transporting LCO2 to storage sites and facilities for utilization, and demand for these vessels is expected to increase in the future.Mitsubishi Shipbuilding is actively pursuing commercialization of LCO2 carriers as part of MHI Group's strategic initiative for the energy transition, bringing together technologies and knowledge gained from construction of liquified gas carriers in an effort, as a marine system integrator, to support decarbonization at sea. This cooperative project is expected to make a significant contribution to the establishment of a CO2 ecosystem in the CO2 transport sector, which will be an essential component of the CCUS value chain.Mitsui O.S.K. Lines entered the LCO2 marine transport business in March 2021 by making an investment in Larvik Shipping AS, a Norwegian firm with more than 30 years of experience managing LCO2 vessels for industries in Europe. This cooperative project combines the knowledge for safe ship operations accumulated by Mitsui O.S.K. Lines and the know-how and experience possessed by Larvik Shipping to explore the potential for realizing LCO2 carriers that meet customer needs.Going forward, Mitsubishi Shipbuilding, through this cooperation with Mitsui O.S.K. Lines, will continue its efforts to develop a wide range of technologies for LCO2 carriers essential to establish a CCUS value chain, and contribute to the realization of a carbon neutral world.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

Mitsubishi Shipbuilding and NYK Line Agree to Jointly Develop a Large LCO2 Carrier

TOKYO, Nov 9, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Yusen Kabushiki Kaisha (NYK Line) have agreed to jointly develop a large-scale liquefied CO2 (LCO2) carrier. To facilitate the development of technologies for transporting CO2 using large vessels, this project will combine Mitsubishi Shipbuilding?s advanced gas handling technologies accumulated through the construction of liquified gas carriers (LPG and LNG carriers), with NYK Line?s wealth of knowledge in operations of not only small and medium-sized vessels, but also large vessels that are expected to increase in demand globally. The two companies will participate in the CCUS value chain based on the development of LCO2 carriers.Image of an LCO2 carrierCarbon dioxide capture, utilization, and storage (CCUS) is attracting attention worldwide as an effective means to achieve a carbon neutral world. LCO2 carriers will play a vital role in that value chain by transporting liquified CO2 to storage sites and facilities for utilization, and demand for these vessels is expected to increase in the future.Mitsubishi Shipbuilding is actively pursuing commercialization of LCO2 carriers as part of MHI Group?s strategic initiative for the energy transition, bringing together technologies and knowledge gained from construction of liquified gas carriers in an effort, as a marine systems integrator, to support decarbonization at sea. This joint project is expected to make a significant contribution to the establishment of a CO2 ecosystem(Note) in the CO2 transport sector, which will be an essential component of the CCUS value chain.NYK Line expects the establishment of technology to transport CO2 using large-scale LCO2 carriers to make a significant contribution to the realization of a carbon neutral world. Through this joint project with MHI Group, which possesses a wide range of technologies to overcome the high technological hurdles in the CCUS value chain, NYK Line will be integrating its accumulated wealth of knowledge in ship operations to support early realization of not only small and medium sized vessels, but also large-scale LCO2 carriers. Building on this project, NYK Line will participate in the CCUS value chain.Going forward, Mitsubishi Shipbuilding and NYK Line will continue their efforts through this joint development project to develop the technologies for LCO2 carriers necessary to establish a CCUS value chain, utilizing the complementary strengths and knowledge of the companies to contribute to the realization of a carbon neutral world.MHI Group defines "CO2 ecosystem" as a societal structure in which all stakeholders with a connection to CO2, both direct and indirect, come together beyond their respective interests to achieve coexistence and co-prosperity.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

Mitsubishi Shipbuilding Receives Approval in Principle from Classification Society for LCO2 Carrier Cargo Tank from France’s Bureau Veritas

TOKYO, Sep 2, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has been granted Approval in Principle (AIP)(1) from the French Classification Society Bureau Veritas (BV) for a cargo tank system to be mounted in a liquefied CO2 (LCO2) carrier.MHI Group is pursuing a range of strategic measures to strengthen businesses related to energy transition, and establishing a CO2 ecosystem is a key part of that effort. Further, carbon dioxide capture, utilization, and storage (CCUS) is attracting attention worldwide as an effective means to achieve decarbonization. LCO2 carriers play a pivotal role in transporting CO2 from its emission sources to storage sites or facilities for utilization, and demand for these vessels is expected to increase in the future. Mitsubishi Shipbuilding is responding to this demand by actively pursuing development and commercialization of LCO2 carriers.LCO2 carriers transport liquefied CO2 gas as a liquid in a low temperature, high pressure state. Accordingly, independent Type C tanks as defined by the IGC Code(2) are typically used for the cargo tank system. A structural design based on standards for pressure containers is required when using a Type C tank. There are various structural types for these tanks, including cylindrical, bilobed, and trilobed. A further important factor is to select a steel material for the LCO2 tanks with exceptional high strength and low temperature properties.Looking ahead to the future, Mitsubishi Shipbuilding previously conducted studies on CO2 carriers in 2004 as a participant in the International Energy Agency (IEA)'s Greenhouse R&D program, utilizing the advanced techniques for structural analysis, material evaluation, gas handling, and other expertise it has accumulated from the construction of liquefied gas carriers (liquefied petroleum gas (LPG) and liquefied natural gas (LNG) carriers).Going forward, with this acquisition of an AIP for the LCO2 cargo tank system, MHI Group will continue to develop and offer a wide range of technologies related to the LCO2 carriers essential to building a CCUS value chain, and contribute to the realization of a decarbonized society.(1) Approval in Principle (AIP) indicates that a certification body has reviewed the basic design, and confirmed that it meets the technical requirements and standards for safety. The inspection of this system was conducted based on the IGC Code that applies to marine vessels that transport liquefied gas in bulk, and BV's ship classification regulations.(2) The International Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk (IGC Code) is an international regulation stipulating the safety requirements for ships that transport LCO2, LNG, or other liquefied gases as cargo in bulk.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)