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Mitsubishi Shipbuilding and MOL Acquire AiP for LCO2 Carrier from DNV under Joint Development

TOKYO, Sep 7, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Shipbuilding Co., Ltd. and Mitsui O.S.K. Lines, Ltd. today announced the acquisition of Approval in Principle (AiP)(1) for their jointly developed liquefied CO2 (LCO2) carrier from the Norwegian classification society Det Norske Veritas AS (DNV). The presentation ceremony took place on September 5 at Fiera Milano, the venue of Gastech 2022, a major international conference on global energy and environmental issues, including natural gas, LNG, and hydrogen, held in Milan, Italy.AiP presentation ceremony held at Gastech 2022The LCO2 carrier that underwent a Hazard Identification Study (HAZID)(2) and received an AiP is a 50,000m3-class vessel for which the two companies completed a joint concept study in November 2021. The vessel design incorporates tank pressure specifications for larger vessels in the future. Mitsubishi Shipbuilding and MOL are also integrating the knowledge of an MOL-invested company, Norway-based Larvik Shipping AS, which has managed LCO2 vessels in Europe for more than 30 years. The HAZID was implemented in line with actual operations.Mitsubishi Shipbuilding and MOL will leverage their respective and complementary strengths and knowledge to advance this joint development project, and through the newly acquired AiP will continually work to develop various technologies, including LCO2 vessels, which will be essential in building a carbon capture, utilization and storage (CCUS) value chain, thereby contributing to the realization of a carbon-neutral society.MHI Group today is pursuing a strategy focused on strengthening its businesses relating to the energy transition. Within that context, Mitsubishi Shipbuilding takes charge of the growth strategy known as "MARINE FUTURE STREAM", which has two overarching targets: "decarbonization of the maritime economy" through use of renewable energies and carbon recycling, and "a safe and secure future for society" through autonomous operation and electrification. The company seeks to achieve these dual goals through creation and implementation of marine-related innovations.MOL sets the mid-to-long-term target "With concerted effort throughout the Group, achieve net zero GHG emissions by 2050" in "MOL Group Environmental Vision 2.1." The MOL Group will further accelerate this initiative on the CO2 transport business to contribute to reducing society's overall GHG emissions.(1) Approval in Principle (AiP) indicates that the certification body has reviewed the basic design and approved it as satisfying the technical requirements and safety criteria. The assessment was conducted in accordance with the IGC Code and DNV Classification Rules applicable to vessels transporting liquefied gas in bulk.(2) Hazard Identification Study: HAZID is a safety evaluation method for plants and systems, which identifies potential risk (hazard) items in a design concept and evaluates the magnitude of the risk and the effectiveness of countermeasures.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart 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)

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Mitsubishi Shipbuilding Acquires Approval in Principle (AIP) from France’s Classification Society for Spherical Cargo Tank System for LCO2 Carriers

TOKYO, Jun 8, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has acquired Approval in Principle (AIP)(1) from the French classification society Bureau Veritas (BV) for a spherical cargo tank system for liquefied CO2 (LCO2) carriers. A presentation ceremony was held on June 7 at the Metropolitan Expo exhibition center in Athens, Greece, venue for the international shipping exhibition Posidonia 2022.AIP presentation ceremony held at POSIDONIA 2022LCO2 carriers transport liquefied CO2 gas in cargo tanks in a low-temperature, high-pressure state. For that reason, independent Type C tanks as defined by the IGC Code(2) are typically used for the cargo tank system of such vessels. Until now, various tank structures have been available, including cylindrical, bilobed and trilobed designs. Now, Mitsubishi Shipbuilding has succeeded in developing a spherical cargo tank system for LCO2 carriers, applying its advanced technologies in structural analysis and material evaluation cultivated through the design and construction of liquefied natural gas (LNG) carriers equipped with spherical tanks. Development of the new spherical structure for LCO2 carriers resulted in acquisition of the AIP from BV.Compared with cylindrical, bilobed and trilobed options, spherically shaped tanks offer greater structural strength against internal pressure of the tank. The adoption of Mitsubishi Shipbuilding's spherical cargo tank system is expected to further optimization of ship arrangement and enhance the economic performance of LCO2 carriers.As part of the energy transition strategy being promoted by MHI Group, Mitsubishi Shipbuilding has established a growth strategy called "MARINE FUTURE STREAM vision for 2050". The strategy focuses on two overarching targets: "decarbonization of the maritime economy" through use of renewable energies and carbon recycling, and "safe and secure future for society" through autonomous operation and electrification. The company seeks to achieve these dual goals through creation and implementation of marine-related innovations. With acquisition of the new AIP for its spherical cargo tank system for LCO2 carriers, going forward Mitsubishi Shipbuilding will ever more actively pursue the development of LCO2 carriers and related business as a marine system integrator. At the same time, the company will also dedicate its full resources to developing and providing technologies to respond flexibly to the diverse LCO2 carrier needs of the market to build a CCUS(3) value chain -- with the ultimate goal of achieving a CCUS value chain straddling land and sea, to realize a decarbonized society.(1) Approval in Principle (AIP) indicates that a certification body has reviewed an item's basic design and confirmed that it meets technical requirements and safety standards. Inspection of Mitsubishi Shipbuilding's spherical cargo tank system was conducted based on the IGC Code as it applies to marine vessels that transport liquefied gas in bulk, as well as BV's own 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.(3) CCUS: carbon capture, utilization and storage Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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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)

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Mitsubishi Shipbuilding Completes Conceptual Study for Ammonia/LCO2 Carrier

TOKYO, Apr 19, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group based in Yokohama, has completed a conceptual study for the design of an "Ammonia/Liquefied CO2 Carrier" capable of transporting both ammonia and liquefied carbon dioxide (LCO2). The extensive study conducted with Mitsui O.S.K. Lines, Ltd. provides the basis for a type of vessel with potential to become mainstream in the LCO2 carrier market by flexibly meeting the projected increase in demand for transporting ammonia and LCO2.Image of "Ammonia/Liquefied CO2 Carrier"Ammonia is a source of stable clean energy projected to be used widely in the future, and LCO2 carriers play an important role in the carbon dioxide capture, utilization, and storage (CCUS) value chain, which is attracting attention as a means to achieve a decarbonized world, by providing a way to efficiently transport recovered LCO2 to storage sites and facilities for effective utilization. MHI Group estimates that the volume of CO2 reduction due to CCUS will amount to 4.3 to 13.0 billion tonnes annually by 2050.The vessel for transporting ammonia and LCO2 developed through this conceptual study is designed to carry ammonia on its outward journey, and LCO2 on the return trip. Specific carriers for each material normally run empty on their return voyage, so a ship able to handle both substances will increase operational efficiency, and contribute to enhanced transport efficiency overall.Mitsubishi Shipbuilding will continue to further develop the technology based on the knowledge acquired and technical issues encountered through this project, and in cooperation with marine-related corporations and petroleum development corporations, aims to commercialize the vessel. In addition, considering the entire value chain, Mitsubishi Shipbuilding will continue to develop various types of ships based on this design in order to respond flexibly to customer needs.As an integral part of MHI Group's energy transition strategy, Mitsubishi Shipbuilding has established the MARINE FUTURE STREAM vision for 2050 in the ship and marine sector, setting the goals of "a decarbonized marine world" through autonomous operation and electrification, and "effective utilization of the marine space" 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.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)

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Mitsubishi Shipbuilding Concludes Agreement on Construction of World’s First Demonstration Test Ship for Liquefied CO2 Transportation

TOKYO, Feb 2, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Shipbuilding Co., Ltd., a Yokohama-based member of Mitsubishi Heavy Industries (MHI) Group, has concluded a contract with Sanyu Kisen Co., Ltd., a Kobe-based enterprise principally engaged in management of ships navigation in Japanese as well as foreign waters, calling for the construction of a demonstration test ship to transport liquefied carbon dioxide (LCO2) in conjunction with initiatives of the New Energy and Industrial Technology Development Organization (NEDO) in "CCUS R&D and Demonstration Related Project / Large-scale CCUS Demonstration in Tomakomai / Demonstration Project on CO2 Transportation / R&D and Demonstration Project for CO2 Marine Transportation" (the demonstration projects). Construction will get underway at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works, with completion and delivery scheduled for the second half of the fiscal 2023.Conceptual image of the LCO2 demonstration test shipThe Engineering Advancement Association of Japan (ENAA), one of the entities performing business relating to the demonstration projects, will charter the ship from Sanyu Kisen, the subcontractor, and operate it for the project purposes. Under consignment from ENAA, three additional project partners - Kawasaki Kisen Kaisha, Ltd. ("K" LINE), Nippon Gas Line Co., Ltd., and Ochanomizu University - will accelerate R&D of the LCO2 transportation technology and contribute to cost reduction of CCUS technology and safe, long-distance and large-scale transportation of LCO2.Although ships to carry LCO2 used in the food industry have previously been constructed and operated in Europe and Japan, the ship to be newly constructed is expected to be the world's first LCO2 carrier intended specifically for CCUS. Mitsubishi Shipbuilding will be in charge of all aspects from the ship design through construction, including the cargo containment system, applying its gas handling technologies and expertise cultivated through the construction of liquefied gas carriers (both LPG and LNG types).CCUS is garnering attention today as an effective means of achieving a carbon-neutral society. Because CO2 emissions sites are often located distant from the sites selected for carbon utilization or storage, demand is expected to increase for LCO2 carriers which can transport their cargo safely and economically. Through the experience to be gained by constructing the world's first LCO2 carrier built specifically for CCUS, MHI Group will strengthen its current strategic business focused on the energy transition. The Company will also continue its dedication to developing and providing the technologies relating to LCO2 carriers necessary for CCUS value chain building, to contribute to CO2 ecosystem development.Mitsubishi Shipbuilding, under its "MARINE FUTURE STREAM" growth strategy, has set two overarching targets: decarbonization through innovative technologies in maritime industry such as use of renewable energies and carbon recycling, and effective use of ocean spaces through autonomous operation and electrification. To achieve those goals, the company aims to pursue and realize diverse innovations applicable to the industry. The ongoing development of LCO2 carriers and active quest for commercial viability in this area are part of those initiatives, with the company's ultimate goal set on realizing decarbonization as a marine system integrator.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)

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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)

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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)

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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)

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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)

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