Klaipedos, Larvik, MOL plan LCO2 project in Lithuania
Klaipedos Nafta (KN), Norway's Larvik Shipping, and Japan's Mitsui OSK Lines (MOL) plan to carry out a feasibility study for liquefied CO2 (LCO2) and hydrogen project in Lithuania, the companies said on May 27.
The companies said they acknowledge the potential for carbon capture, utilisation and storage (CCUS) and have reached an agreement to start a feasibility study to develop LCO2 loading facilities at KN’s existing infrastructure in Klaipeda.
“The entire concept shall be to develop a LCO2 logistics and value chain from Lithuania and potentially Baltic region with Klaipeda seaport at the centre,” they said.
The main task of the feasibility study will be to identify optimised design and configuration to export CO2 to one or more sequestration facilities within Europe. It also includes the possibility to produce blue hydrogen as “an important and necessary solution to reach zero emission economy”.
KN will cover the onshore and terminal handling part while Larvik and MOL will work on marine logistics solutions.