UK P&I Club: The rise of LCO₂ shipping
According to UK P&I Club, as countries intensify their decarbonisation efforts to meet net-zero targets, the maritime transport of carbon dioxide (CO₂) particularly in its liquid form (LCO₂) has emerged as a key enabler of large-scale carbon capture and storage (CCS) infrastructure.
According to Ansuman Ghosh, Director of Risk Assessment (Singapore), UK P&I Club, while pipelines have traditionally been the primary mode of CO₂ transport, the growing need for flexible and cost-effective solutions to move CO₂ from industrial emitters to offshore sequestration sites is making seaborne options increasingly attractive. This shift is driving the development of a promising LCO₂ shipping mar
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