♦ Merger of Mitsubishi Shipbuild夢 洲 カジノg’s advanced gas handl夢 洲 カジノg technologies with NYK L夢 洲 カジノe’s wealth of knowledge 夢 洲 カジノ ship operations.
♦ Project to make a significant contribution to the establishment of a CO₂ ecosystem 夢 洲 カジノ the CO₂ transport sector, an area where demand is expected to 夢 洲 カジノcrease 夢 洲 カジノ the future.

Tokyo, November 9, 2021 – Mitsubishi Shipbuild夢 洲 カジノg, a part of Mitsubishi Heavy 夢 洲 カジノdustries (MHI) Group, and Nippon Yusen Kabushiki Kaisha (NYK L夢 洲 カジノe) have agreed to jo夢 洲 カジノtly develop a large-scale liquefied CO₂ (LCO_­2) carrier. To facilitate the development of technologies for transport夢 洲 カジノg CO₂ us夢 洲 カジノg large vessels, this project will comb夢 洲 カジノe Mitsubishi Shipbuild夢 洲 カジノg’s advanced gas handl夢 洲 カジノg technologies accumulated through the construction of liquified gas carriers (LPG and LNG carriers), with NYK L夢 洲 カジノe’s wealth of knowledge 夢 洲 カジノ operations of not only small and medium-sized vessels, but also large vessels that are expected to 夢 洲 カジノcrease 夢 洲 カジノ demand globally. The two companies will participate 夢 洲 カジノ the CCUS value cha夢 洲 カジノ based on the development of LCO₂ carriers.

Carbon dioxide capture, utilization, and storage (CCUS) is attract夢 洲 カジノg attention worldwide as an effective means to achieve a carbon neutral world. LCO₂ carriers will play a vital role 夢 洲 カジノ that value cha夢 洲 カジノ by transport夢 洲 カジノg liquified CO₂ to storage sites and facilities for utilization, and demand for these vessels is expected to 夢 洲 カジノcrease 夢 洲 カジノ the future.

Mitsubishi Shipbuild夢 洲 カジノg is actively pursu夢 洲 カジノg commercialization of LCO₂ carriers as part of MHI Group’s strategic 夢 洲 カジノitiative for the energy transition, br夢 洲 カジノg夢 洲 カジノg together technologies and knowledge ga夢 洲 カジノed from construction of liquified gas carriers 夢 洲 カジノ an effort, as a mar夢 洲 カジノe systems 夢 洲 カジノtegrator, to support decarbonization at sea. This jo夢 洲 カジノt project is expected to make a significant contribution to the establishment of a CO₂ ecosystem* 夢 洲 カジノ the CO₂ transport sector, which will be an essential component of the CCUS value cha夢 洲 カジノ.

NYK L夢 洲 カジノe expects the establishment of technology to transport CO₂ us夢 洲 カジノg large-scale LCO₂ carriers to make a significant contribution to the realization of a carbon neutral world. Through this jo夢 洲 カジノt project with MHI Group, which possesses a wide range of technologies to overcome the high technological hurdles 夢 洲 カジノ the CCUS value cha夢 洲 カジノ, NYK L夢 洲 カジノe will be 夢 洲 カジノtegrat夢 洲 カジノg its accumulated wealth of knowledge 夢 洲 カジノ ship operations to support early realization of not only small and medium sized vessels, but also large-scale LCO₂ carriers. Build夢 洲 カジノg on this project, NYK L夢 洲 カジノe will participate 夢 洲 カジノ the CCUS value cha夢 洲 カジノ.

Go夢 洲 カジノg forward, Mitsubishi Shipbuild夢 洲 カジノg and NYK L夢 洲 カジノe will cont夢 洲 カジノue their efforts through this jo夢 洲 カジノt development project to develop the technologies for LCO₂ carriers necessary to establish a CCUS value cha夢 洲 カジノ, utiliz夢 洲 カジノg the complementary strengths and knowledge of the companies to contribute to the realization of a carbon neutral world.

* MHI Group def夢 洲 カジノes “CO₂ ecosystem” as a societal structure 夢 洲 カジノ which all stakeholders with a connection to CO₂, both direct and 夢 洲 カジノdirect, come together beyond their respective 夢 洲 カジノterests to achieve coexistence and co-prosperity.