The Hyundai Mipo Dockyard in South Korea
Carbon shipping vital for EU CCS value chain
Maritime technology will help industry scale and enable the development of CCS projects in Southern Europe
Carbon transport by ship is an integral part of deploying a CCS value chain across Europe, according to experts in the industry. Shipping is often the preferred solution for early-stage CCS projects that will initially produce low volumes and will, therefore, be key in helping the sector scale. “A lot needs to happen if the EU is to achieve its goal of storing 50mt/yr of CO₂ by 2030, and the development of a shipping network is an important part of that equation,” Mathias Sorhaug, business development director for CO₂ shipping at consultant DNV Maritime, told Carbon Economist. A report earlier this year carried out by the Zero Emissions Partnership (ZEP) and the Carbon Capture and Storage As
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
