K Line Secures Charter for Third CO2 Carrier in Northern Lights Project

Japanese Shipping Giant Enhances Role in Vital Carbon Capture Initiative

Northern-Lights_Dalian_cO2-carrier--780x470

Japan’s Kawasaki Kisen Kaisha (K Line) has entered into a bareboat charter agreement for the operational management of the third CO2 carrier designated to serve the Northern Lights project, a collaborative initiative involving Equinor, Shell, and TotalEnergies.

This development comes subsequent to previously established contractual arrangements for overseeing the initial duo of 7,500 cubic meter liquefied CO2 vessels, currently at a stage of 75% completion and slated for handover in the year 2024. Notably, the Northern Lights endeavor remains steadfast in its timeline projections for the commencement of CO2 intake operations within the ongoing year.

The stewardship of the trio of vessels will be entrusted to K Line LNG Shipping, the London-based subsidiary of the Japanese corporation. These vessels will play a pivotal role in facilitating the conveyance of liquefied CO2 from clientele situated in Norway, Denmark, and the Netherlands to the designated CO2 reception terminal in Øygarden, Norway, operated by Northern Lights. Subsequently, the transported CO2 will undergo injection into an offshore reservoir situated 2,600 meters beneath the seabed for enduring containment.

The commissioning of the third vessel follows its procurement in September of the preceding year. In December 2023, Northern Lights further bolstered its fleet by commissioning a fourth CO2 carrier, akin to its counterparts currently under construction at Dalian Shipbuilding. As articulated by company representatives, Northern Lights is poised to commandeer the most extensive fleet worldwide dedicated to CO2 transportation.

Børre Jacobsen, the managing director of Northern Lights, elucidated, “These vessels will traverse between our clientele hubs in Northwest Europe and the onshore infrastructure of Northern Lights, each boasting a capacity to transport over 400,000 tonnes of CO2 annually.”

| |

Last news