MISC, SHI get approval for floating CO2 storage unit

MISC, a unit of Malaysia’s Petronas, and Korea’s Samsung Heavy Industries (SHI) have received approval in principle (AiP) from DNV for their floating CO₂ storage unit (FCSU), MISC said on August 30.

The FCSU concept aims to bolster the efficiency of the maritime sector's carbon capture and storage value chain, addressing a critical gap where CO₂ emitters struggle to access nearby sequestration sites. The FCSU facilitates seamless maritime transportation and storage of CO₂, which is crucial for hard-to-decarbonise industries, MISC said.

The FCSU is highly adaptable, versatile, and scalable. It can be deployed across multiple depleted offshore oil and gas fields, and can operate as an intermediate CO₂ storage unit or an injection vehicle (FCSU-i) for offshore CO₂ reservoirs. The FCSU's utility expands further with features like CO₂ liquefaction. The unit has a storage capacity of 100,000 m³ and an injection capacity of 5mn tonnes/year.