The CO2 capture leader Aker Carbon Capture and the carbon dioxide shipping company Dan-Unity CO2, have signed an agreement to develop flexible CO2 transport solutions. They aim to offer full carbon capture, utilization, and storage (CCUS) services across the whole value chain.
The collaboration will explore the development potential of future carbon capture and storage opportunities. Both companies will work to gain market insights with the aim of identifying and maturing specific services across the carbon capture value chain.
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“By teaming up with the industry leaders in the fields of CO2 transport and storage, we aim to establish compelling full value chain offerings that will enable industrial emitters of CO2 to decarbonize their assets faster,” according to Jon Christopher Knudsen, Chief Commercial Officer at Aker Carbon Capture.
Steffen Jacobsen, CEO of Dan-Unity CO2 also expressed his enthusiasm saying that the key to success for carbon capture utilization and storage comes from strong partnerships that enable cost-effective and safe solutions to customers all the way. He also sees CO2 transportation by sea to allow flexibility to the industry for unlocking economies of scale for projects as the method in some cases delivers a lower cost per ton compared to other transport solutions.
As leaders in their respective segments of the carbon capture industry, the companies will aim to utilize their considerable collective expertise to identify technical and commercial risks related to capture and liquefaction technology, loading and offloading operations, offshore offloading, intermediate storage, and permanent subsurface storage.
The collaboration of Aker Carbon Capture and Dan-Unity CO2 will hopefully address one of the major challenges of the industry – CO2 transportation. Until international CO2 pipelines are constructed, the projects could count on reliable shipping and transporting to make it viable.