Carbon Capture, Utilization and Storage as a commercial opportunity
October 13, 2022
The Danish Technological Institute and Maersk Broker Advisory Services have, based on a grant from the Danish Maritime Fund, analysed and written a report on the commercial opportunities of maritime transportation of CO2.
As the interest in Carbon Capture, Utilization & Storage (CCUS) has increased in the wake of recent developments in CO2 taxes, both in Denmark and Europe, the commercialization of this market is coming closer, and we see more activity within the maritime industry to play a role in the value chain. CCUS technology could play a major role in the green transition as it aims at reducing the release of CO2 into the atmosphere by storing CO2 produced in industrial activities.
The report concludes that shipping can play a key role in establishing a cost-effective CCUS market. In the short term, the market will be similar as the early LNG market with purpose-built vessels ordered on the back of long contracts. In the long term, CO2 will turn into a new commodity for gas carriers with transportation across regions to both utilization and storage sites.
If you are interested in downloading the report, please follow this link. For a Danish version, please click here.
Should you be interested in learning more about the opportunities in transporting CO2, please reach out to us via email@example.com. or contact us directly.
William Norvold Bjørn
Associate, Advisory Services
Head of Energy Transition, Advisory Services