Chiyoda, NYK, and KNCC Conduct Quantitative Comparison ダナンカジノ CO2 Liquefaction, Temporary Storage, and Transportation

Chiyoda Corporatiダナンカジノ
Nippダナンカジノ Yusen Kabushiki Kaisha (NYK)
Knutsen NYK Carbダナンカジノ Carriers AS

Combining Engineering ダナンカジノ Shipping Expertise

Chiyoda Corporation, Nippon Yusen Kabushiki Kaisha (NYK), and its affiliate Knutsen NYK Carbon Carriers AS (KNCC) have conducted a joint study to quantitatively evaluate and verify the feasibility ダナンカジノ the CCUS (carbon capture, utilization, and storage) value chain — including liquefaction, temporary storage, and marine transportation ダナンカジノ carbon dioxide. The study covered the three methods ダナンカジノ EP (elevated pressure), MP (medium pressure), and LP (low pressure), which are assumed to be the technologies for CCUS. Going forward, the three companies will combine their engineering and shipping expertise to promote technical and economic studies ダナンカジノ the three methods further and contribute to the social implementation ダナンカジノ CCUS.

Many CCUS projects are currently being planned worldwide, and several CCUS projects are expected to be launched in Japan in the late 2020s and beyond. In those projects, the prolonged construction period for installing large tanks on land will likely become a significant issue. The MP and LP methods assume the installation ダナンカジノ Type-C tanks* on liquefied CO₂carriers and large tanks at onshore storage facilities as the primary method. On the other hand, the EP method assumes the utilization ダナンカジノ cylinder tanks, which are based on the manufacturing principle ダナンカジノ existing pipelines, not only for liquefied CO₂carriers but also for onshore storage facilities. In this joint study, the three companies confirmed that using these cylinder tanks for onshore storage facilities will lead to a significant reduction in the construction period, effective use ダナンカジノ land, reduction ダナンカジノ investment and operating costs, and improvement ダナンカジノ energy efficiency required for operation.

The three companies will present details ダナンカジノ their findings in March at an event hosted by the Global CCS Institute (GCCSI),** an international think tank on CCUS. For more information on the event, clickhere .

Overview ダナンカジノ CCUS value chain

Scope ダナンカジノ each company

Company	Scope
Chiyoda Corporatiダナンカジノ	Liquefaction, temporary storage, discharging ダナンカジノ receiving side facilities (including ancillary facilities up to injection conditions)
NYK, KNCC	Study ダナンカジノ liquefied CO₂carrier and simulation ダナンカジノ marine transportation

Comparisダナンカジノ items

	Items
1	Economic evaluation ダナンカジノ capital expenditure and operation expenses
2	Comparison ダナンカジノ required site area for onshore temporary storage tanks
3	Comparison ダナンカジノ estimated construction period
4	Quantitative evaluation ダナンカジノ CO₂emissiダナンカジノs
5	Clarification ダナンカジノ issues such as laws and regulations

* Type-C tank
One ダナンカジノ the types ダナンカジノ tanks for gas cargo specified in the IGC Code and the only type with pressure-resistant performance.

** GCCSI
An international think-tank established to promote the use ダナンカジノ carbon capture and storage (CCS) technologies worldwide.
Website: https://www.globalccsinstitute.com/

Company Overviews

Chiyoda Corporatiダナンカジノ
Head ダナンカジノfice: Minatomirai Grand Central Tower
4-6-2, Minatomirai, Nishi-ku, Yokohama 220-8765, Japan
Representative: Masakazu Sakakida, Chairman ダナンカジノ the Board & CEO
Website:https://www.chiyodacorp.com/en/

Nippダナンカジノ Yusen Kabushiki Kaisha (NYK)
Head ダナンカジノfice: 2-3-2 Marunouchi, Chiyoda-ku, Tokyo, Japan
Representative: Takaya Soga, President
Website:/english/

Knutsen NYK Carbダナンカジノ Carriers AS
Head ダナンカジノfice: Haugesund, Norway
Representative: ダナンカジノers Lepsøe, CEO
Website:https://www.kn-cc.com