This photo provided by Korea Shipbuilding & Offshore Engineering Co. shows a petrochemicals carrier built by Hyundai Mipo Dockyard Co.
SEOUL, March 24 (Korea Bizwire) — To keep abreast with the advent of the carbon-free era, a South Korean shipyard has taken the initiative to develop a liquefied carbon dioxide (CO2) carrier.
Korea Shipbuilding & Offshore Engineering Co. (KSOE) and its shipbuilding unit Hyundai Mipo Dockyard Co. recently signed a business agreement with the American Bureau of Shipping (ABS), a U.S. quality assurance and risk management company, and the Marshall Islands, a major flag state, to develop a liquefied CO2 carrier.
Hyundai Mipo and KOSE plan to receive approval in principle by the second half of this year after developing a carrier that is capable of safely shipping and maintaining liquefied CO2 at low temperatures and high pressure.
The carrier will be in charge of liquefying CO2 produced from power plants or steel mills and shipping it to storage facilities.
Hyundai Mipo will be responsible for developing the gas carrier and the container storage system that are best-optimized for CO2 transportation while KOSE will be in charge of developing a container handling system that prevents CO2 from being released into the air.
The ABS and the Marshall Islands will examine whether the gas carrier complies with international regulations and the International Code of the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk (IGC Code).
Kevin Lee (kevinlee@koreabizwire.com)
