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MOL and KEPCO to study CO2 Ocean Transport for Development of CCS Value Chain

Mitsui O.S.K. Lines,  and The Kansai Electric Power  announced the signing of a Memorandum of Understanding  for a study of marine transportation for the development of a Carbon dioxide Capture and Storage  value chain.

CCS is expected to be one of the most effective solutions to realize a low-carbon/decarbonized society. Based on the MoU, MOL and KEPCO will collaborate on the development of a CCS value chain consisting of separation, capture, transportation, injection and storage of CO2 emitted from KEPCO’s thermal power plants, both companies will study marine transport of liquefied CO2 to potential storage sites.

MOL set out its plan to achieve net zero GHG emissions by 2050 through concerted group-wide efforts in “MOL Group Environmental Vision 2.1.” Through the MoU, MOL Group will further accelerate its efforts in the liquefied CO2transport business to contribute to the realization of a low-carbon/decarbonized society.

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