MOL, Bapco to develop cross-border CO2 transport, sequestration

Mitsui O.S.K. Lines (MOL), a leading Japanese shipping company, and Bapco Energies, a Bahrain-based energy company, have signed a memorandum of understanding (MoU) to collaborate on the development of cross-border CO2 transport and sequestration, MOL said on December 5. The goal of the partnership is to establish a carbon dioxide capture and storage (CCS) value chain.

The partnership will focus on the future establishment of a CCS value chain encompassing the separation, capture, transport, injection, and storage of CO2. MOL will provide marine transportation of liquefied CO2 (LCO2), while Bapco will provide the sequestration sites in Bahrain.

The parties will conduct joint studies to estimate the cost of LCO2 transportation and to identify potential markets in Asia Pacific regions. They will also discuss the future business structure of the CCS value chain.