Belgian gas carrier owner Exmar is working with South Korea’s Lattice Technology to develop a 40,500 cubic metre (cbm) CO2 carrier, which will also be capable of transporting LPG and ammonia.
A newly formed joint development company will draw on Lattice Technology’s expertise in CO2 tank design and Exmar’s experience in the design and operation of gas carriers.
The Lattice Pressure Vessel tank design enable the transportation of CO2 at low and medium pressures. The storage tanks can be constructed to fit a ship’s hull and allow for large storage capacity. The design also prevents sloshing, even in harsh environments.
The initial concept for the carrier is a 195-metre long Panamax-type vessel. In addition to its 40,500 cbm cargo capacity, the carrier could also feature storage capacity for low CO2 emitting fuels, such as LPG, Ammonia and LNG.
Jens Ismar, Executive Director Shipping at Exmar, commented on the new initiative: ‘We are very pleased and excited about this joint venture with Lattice as we strongly believe CCUS will be a major contributor in our efforts to decarbonise the atmosphere.
‘We believe the LATTICE tanks provides the most flexible and economical way to accomplish this.’
Keunoh Park, CEO of LATTICE Technology, added: ‘This project provides an excellent opportunity to demonstrate that the LPV technology will be a key enabler in making shipping greener with lower emissions and by providing important infrastructure for transporting and dealing with CO2.’