K LINE enters into contracts with Northern Lights for two liquefied CO2 vessels

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Northern Lights JV DA have signed Bare Boat Charter and Time Charter contracts for two 7,500 m3 liquefied CO2 ships. 

The ships will be delivered in 2024 and will contribute to the world’s first full-scale carbon capture and storage (CCS) value chain.

The London-based subsidiary “K” LINE LNG Shipping (UK) Ltd. will undertake the management of two ships transporting liquefied CO2 from industrial emitters, including the Norcem Brevik and Hafslund Oslo Celsio carbon capture facilities, to the Northern Lights CO2 receiving terminal in Øygarden, Norway.

Børre Jacobsen, Managing Director of Northern Lights, said:

““K” LINE has deep experience in liquefied gas transport and a strong safety and environmental track record. We are pleased to partner with “K” LINE in operationalising this innovative value chain.”

CO2 transport is a key component to connect industrial emitters in Europe to suitable and safe CO2 storage sites such as the one operated by Northern Lights in the North Sea. Northern Lights offers a ship-based solution that provides flexibility to reach emitters across Europe. 

Shipping is a scalable CO2 transport solution that is well-suited for sailing distances in Europe.

Developing a flexible shipping solution as part of the world’s first cross-border CO2 transport and storage network, Northern Lights contributes to the development of a market for CO2 storage.

Yukikazu Myochin, President and CEO of “K” LINE, said:

“We are honoured to participate in the Northern Lights project and contribute to the decarbonisation of industry. We have been able to develop a new field by making use of our decades of know-how in liquefied gas transport.”

Northern Lights and “K” LINE will jointly establish operational procedures for safe transportation of liquefied CO2.