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Home Maritime & Ocean News

INEOS heads to The Netherlands for new-look CO2 carrier

November 13, 2024
in Maritime & Ocean News
INEOS heads to The Netherlands for new-look CO2 carrier
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Chemical giant INEOS has signed a multi-year contract with Dutch owner Royal Wagenborg for the construction and deployment of a CO2 carrier for the Greensand CCS project.

The vessel is based on Wagenborg’s EasyMax design and will be built by the Royal Niestern Sander shipyard. The vessel is an open-top multi-purpose ice-classed vessel with a load capacity of 14,200 tonnes and a hold volume of 17,700 cu m. The long-term agreement with INEOS marks the first construction and deployment of a dedicated CO2 carrier for Wagenborg.

The purpose-built vessel will facilitate large-scale transport of CO2 to the Greensand storage site in the Danish North Sea, led by INEOS and its partners Harbour Energy and Nordsøfonden.

Project Greensand is the most mature project for the storage of CO2 in Denmark with the ability to store up to 1.5m tonnes of CO2 per year in 2025 and 2026. It will be able to store up to 8m tonnes of CO2 per year in 2030. This corresponds to more than 13% of Denmark’s annual CO2 emissions.

“The agreement between Ineos and Wagenborg is a new and unique step in the establishment of safe and efficient logistics in the full value chain of CCS on a large scale,” said Edwin de Vries, director of Wagenborg Offshore.

In Asia, meanwhile, the Northern Pioneer – the first is a series of four 7,500 cu m liquefied carbon dioxide (LCO2) carriers ordered at DSIC by the Northern Lights joint venture – has been spotted in the Yellow Sea in recent weeks carrying out sea trials.

Northern Lights is the first project in the world to allow industrial companies to transport and sequester their CO2 emissions. Operational since September, the phase one installation can store up to 1.5m tons of CO2 per year.

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