Hunter Group ASA, an Oslo-listed shipping company, has joined forces with DNV, a classification society, to develop low-pressure mid-stream shipping solutions for Carbon Capture and Storage (CCS). The two companies have signed a joint cooperation agreement to create a sustainable CCS shipping solution for Norwegian Continental Shelf and European waters. The project will focus on developing a 40-70K cbm liquified CO2 carrier with 20-30K cbm feeder vessels, evaluating alternative fuels such as ammonia, methanol, fuel cells, and CO2 abatement technologies as part of this project.
The partnership between Hunter Group and DNV aims to assess both technological and operational measures, as well as hull and cargo tank designs. The CCS shipping market is expected to play a crucial role in decarbonizing the world by 2050. To achieve this, a considerable amount of CO2 will require seaborne transportation, and as a result, many industry majors are looking into sustainable solutions to cater to this need.
By collaborating with DNV, a world-leading classification society, Hunter Group believes that it can develop a shipping solution that will significantly contribute to reducing GHG emissions and getting closer to reaching the goals of net zero by 2050. This project will evaluate different fuel options to determine the most effective and sustainable solution. South Korean and Japanese shipbuilders and shipping companies have also made significant progress in developing LCO2 carriers, and Hunter Group is confident that their joint project will also be successful.
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