HD HHI and Capital Gas Ship Management have received approval in principle for a 40,000 cbm LCO2 carrier from Lloyd’s Register, developed following a joint development project between the parties. The vessel has been designed to support the growing CO2 value chain with the growing importance of solutions such as Carbon Capture and Storage (CCS) to the energy transition and to meet the ambition of the Paris Agreement to reach net zero emissions by 2050. The JDP focused on exploring and establishing the operational profile of LCO2 carriers along with the design suitability and feasibility of the vessels.
LR’s role during the project was to assess the vessel’s operational profile using its Risk Based Certification (RBC-1) process. The project builds on the strong working relationship between the JDP partners, for the construction of four 22,000 cbm low-pressure LCO2 carriers equipped with IMO Type C storage tanks and a state-of-the-art cargo handling system able to accommodate CO2 (Carbon), NH3 (ammonia), and LPG (liquefied petroleum gas). Panos Mitrou, Global Gas Segment Director of Lloyd’s Register said: “Carbon negative space represents a sector with great potential and prospects, especially for key industrial sectors which are hard to abate.
In this context, transporting carbon at scale may prove to be an essential link towards the Paris Agreement objectives. “LR is proud to have acted as a trusted adviser on this 40K cbm LCO2 carrier project, which reaffirms Hyu.
