Mitsui O.S.K. to design liquified CO2 power vessel

In Japan, Mitsui O.S.K. Lines, Ltd. will launch research and development (R&D) on adoption of a large-scale liquefied carbon dioxide (CO2) carrier to complete the basic design under a project entrusted to Japan CCS Co., Ltd. from Japan’s New Energy and Industrial Technology Development Organization (NEDO). MOL entered the liquefied CO2 ocean transport business by investing in Norway-based Larvik Shipping AS. It will further accelerate its initiatives in the field through its role in the NEDO demonstration project as it aims to achieve group-wide net zero emissions by 2050, which is stated in its “MOL Group Environmental Vision 2.1.”