KNCC ready to order Flexible, Scalable, and Low Cost LCO2 Carriers

by Admin
KNCC ready to order LCO2 carriers

KNCC ready to order flexible, scalable, and low cost LCO2 carriers – “General Approval for Ship Application” awarded by DNV.

Classification society DNV has awarded Knutsen NYK Carbon Carriers AS (KNCC) with a General Approval for Ship Application (GASA) for its proprietary Liquefied CO2-Eleveated Pressure (LCO2-EP/formerly called PCO2) containment system. This unique system enables to transport LCO2 at ambient temperature which offers an efficient and optimal option to CCS projects globally that require LCO2 marine transportation.

Following the Approval in Principle (AiP) awarded last year, KNCC has gone through detail design and discussion with engineers, consultants, shipyards, subcontractors to prepare extensive documentation, calculations, and drawings to prove the capability of its design to achieve the GASA. GASA is a huge milestone for KNCC as it enables KNCC to order LCO2 carriers with it’s unique containment system which is applicable both for new-builds and conversion of existing vessels which adds optionality to the market.

“CCS is one of the key solutions for the world to reach its climate goals and KNCC has been established to play an essential role in the CCS value chain. Obtaining the GASA from DNV is a huge milestone and step forward for KNCC now being able to provide technically and commercially viable LCO2 marine transportation according to significant demand on a global basis. “ said Svein Steimler, Chair of KNCC.

Trygve Seglem, Owner and President of the Knutsen Group and Vice Chair of KNCC said: “The LCO2-EP containment system is not new technology but based on the development of Pressurized Natural Gas (“PNG”) technology and gas pipeline designs which is already proven. Transporting LCO2 in ambient mode will offer cheaper and less energy consuming solutions through the entire CCS value chain from capture to final storage. It also has great synergy for direct injection offshore from the LCO2 carriers as CO2 injection must be done at high pressure and supercritical phase of CO2.”

Anders Lepsøe, CEO of KNCC said: “I am pleased KNCC has been making significant progress ever since its establishments in 2022 and appreciate the cooperation from all partners including DNV to achieve GASA. Now with GASA in place we are opening up a new era of LCO2 designs which significantly strengthen the competitiveness of our offering of CO2 transportation. LCO2-EP containment system is one option but with support from both shareholders, NYKLine and Knusten Group we are also capable of offering middle pressure and low-pressure transportation service.”

PCO2® technology – flexible and cost effective

KNCC’s PCO2® technology, developed for marine transportation and storage of liquified CO2 at ambient temparatures, offers shippers both flexible and cost effective solutions, whether the transportation requirement is from shore to sea or from offshore installations. Transporting CO2 at ambient temperatures reduces the need for compression and heating which are required for cryogenic and low temperature solutions for offshore discharge.

The technology is based on Knutsen’s PNG technology developed more than 20 years ago. This PCO2 containment system is scalable and can carry large volumes in one vessel.

Integral part of the CCUS value chain

KNCC offers the final step in the value chain of CO2 capture: utilization and storage (CCUS) by marine transportation of the CO2. The definite need for cost effective and reliable CO2 carriers is apparent, and the demand for such carriers in a wide range of sizes will grow rapidly.

KNCC (Knutsen NYK Carbon Carriers) is a joint venture company established by the Knutsen Group and the NYK Group. Drawing on our owners’ extensive experience from marine transportation of oil, chemicals and natural gas, including advanced offshore operations in combination with our game changing PCO2® technology, KNCC aims to play an essential role in meeting UN’s climate goals.

Source KNCC Knutsen NYK Carbon Carriers AS