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
Carbon capture, utilisation, and storage (CCUS) is acknowledged by many in industry and government to be a critical factor in achieving net-zero economy by 2050.
Several CCUS projects are underway in Europe with a clear commitment to creating environmental and economic benefits for emission-intensive industries that are hard to decarbonise.
KN, LS, MOL to develop LCO2 and hydrogen project in Klaipeda May 27, 2021, by Sanja Pekic
Klaipedos Nafta (KN), Larvik Shipping (LS), and Mitsui O.S.K. Lines (MOL) have reached an agreement to carry out a feasibility study to develop liquefied CO2 (LCO2) loading facilities at KN’s infrastructure in Klaipeda, Lithuania.
Courtesy of Port of Klaipeda
The companies acknowledge the potential for carbon capture, utilisation, and storage (CCUS). The concept is to develop a LCO2 logistics and value chain from Lithuania and potentially the Baltic region with Klaipeda seaport at the centre.
Lithuania’s energy and climate action plan for 2021-2030 identified carbon capture as a promising area that requires further investigation to seek the best possible application. Insights of carbon management gained in the feasibility study may also help accelerate the clean hydrogen production from fossil fuels.