Mitsubishi Shipbuilding, part of Mitsubishi Heavy Industries (MHI) Group, will develop technologies intended to reduce the volume of carbon dioxide (CO2) emission in the oil and gas industry by partnering with TotalEnergies to conduct a feasibility study into a liquefied CO2 (LCO2) carrier.

As companies push towards net zero, MHI Group is pursuing a CO2 ecosystem to contribute to a decarbonised society. With LCO2 carriers playing an important role in transporting captured CO2 to storage sites or facilities, demand is set to increase.

Bruno Seilhan, Vice President CCUS, TotalEnergies, spoke of the partnership, saying, “We are pleased to partner with Mitsubishi, whose expertise in shipbuilding is well proven, in order to study large tonnage liquid CO2 carrier opportunities.”

He added that the production of the vessels is heavily aligned with its Climate Ambition to obtain net zero emissions by 2050.

MHI is attempting to contribute to the construction of the carbon capture and storage (CCS) value chain by combining the knowledge of the Group’s companies and technologies, such as liquefied petroleum gas (LPG) carriers, LNG carriers, and CO2 capture.

Commenting on the operation contributing to a net zero future, Toru Kitamura, President, Mitsubishi Shipbuilding, said, “We believe that LCO2 carriers are an effective solution for achieving a decarbonised world. We will continue to actively pursue technology development in cooperation with partners seeking to achieve decarbonisation using LCO2 carriers, with the aim of market formation for the CCUS value chain.”