Three industry giants unite to revolutionize liquefied CO₂ transport for carbon capture

Three major companies have joined forces to advance carbon capture and storage (CCS) projects. Nippon Yusen Kabushiki Kaisha (NYK), Chiyoda Corporation, and Knutsen NYK Carbon Carriers signed a memorandum of understanding to collaborate on transporting liquefied CO₂. Their partnership aims to speed up the development of CCS infrastructure by combining expertise in engineering, shipping, and project planning. The agreement builds on earlier joint research carried out in 2024. During that study, the companies evaluated different configurations for shipping liquefied CO₂. Their findings were later presented at a technical seminar hosted by the Global CCS Institute.

The new collaboration will cover all project stages, from initial concept design and feasibility studies to detailed engineering and construction. A key focus will be optimising the transport of liquefied CO₂, particularly where pipeline networks are unavailable. Shipping is seen as a vital solution for cross-border carbon management in such cases. The companies also plan to develop standardised approaches to improve the financial viability of CCS projects. By tailoring integrated solutions, they aim to address both technical and economic challenges across the entire value chain. The partnership reflects a growing trend in the sector, where success depends on close coordination between carbon capture, transport, and storage systems.

The memorandum strengthens the push for scalable CCS solutions. By leveraging their combined experience, the three firms intend to accelerate the deployment of necessary infrastructure. Their work could help make carbon transport more efficient and economically feasible for future projects.