K Line and Yinson Production set sights on LCO2 shipping and injection solutions

K Line Energy Shipping, a London-based unit of Kawasaki Kisen Kaisha (K Line), has joined forces with Yinson Production, an owner and operator of floating production, storage and offloading (FPSO) vessels, to develop and market liquefied CO2 (LCO2) carrier and injection solutions.

The companies have signed a memorandum of understanding (MoU) to jointly develop and market a floating storage and injection unit (FSIU) and a liquefied CO2 carrier, focusing mainly on European carbon capture and storage (CCS) projects.

Seen as a suitable solution for offshore CCS projects where it is difficult to secure sufficient land for an onshore CO2 receiving terminal, or where the distance between a receiving terminal and the offshore storage site would require an extended pipeline, FSIUs are being considered for several projects, including the Havstjerne carbon storage project in Norway, 40% owned by Stella Maris CCS, a unit of Yinson Production.

Under the new MoU, Yinson and K Line intend to strengthen their partnership, which began in 2018 in the FPSO sector and includes both parties co-owning FPSOs Anna Nery and John Agyekum Kufuor in Brazil and Ghana, and leverage