Mitsubishi Shipbuilding and MOL acquire LCO2 Carrier’s AiP from DNV under joint development – Leveraging Mitsubishi Shipbuilding Advanced Gas handling technology and MOL’s extensive knowledge of ship operations – through the acquisition of AiP
The LCO2 carrier that has undergone the Hazard Identification Study (HAZID)(2) and obtained the AiP is a 50,000 cu. Meter-class ships, the two companies completed a joint concept study in November 2021. The vessel design incorporates tank pressure specifications for future larger vessels. Mitsubishi Shipbuilding and MOL have also integrated the knowledge of MOL’s investment in Norway’s Larvik Shipping AS, which has been managing LCO2 vessels in Europe for over 30 years. HAZID is implemented on a practical basis.
Mitsubishi Shipbuilding and MOL will leverage their respective complementary strengths and knowledge to advance this joint development project, and through the newly acquired AiP will continue to work on developing various technologies, including LCO2 ships, are critical to building carbon capture, utilization and storage (CCUS) value chains, thereby contributing to a carbon neutral society. The Mitsubishi Heavy Industries Group is today pursuing a strategy focused on strengthening its businesses related to the energy transition. In this context, Mitsubishi Shipbuilding is responsible for a growth strategy known as “MARINE FUTURE STREAM”, which has two overarching goals: “decarbonizing the ocean economy” through the use of renewable energy and the carbon cycle, and “a safe and secure future” “Society” through autonomous operation and electrification. Companies seek to achieve these dual goals by creating and implementing ocean-related innovations.
MOL sets mid- to long-term Goal “To work together with the entire group to achieve net zero greenhouse gas emissions by 2050” “MOL Group Environmental Vision 2.1”. The MOL Group will further accelerate this initiative in the CO2 transportation business, and contribute to reducing the overall greenhouse gas emissions of society. Contribution. (1) Approval in Principle (AiP) means that the certification body has reviewed the basic design and approved it to meet the technical requirements and safety standards. The assessment is based on the IGC Code and DNV applicable to ships carrying liquefied gas in bulk
(2) HAZARD IDENTIFICATION STUDY: HAZID is a safety assessment method for plants and systems that identifies Potential risk (hazard) items, and assess the magnitude of the risk and the effectiveness of countermeasures. About Mitsubishi Heavy Industries The Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, with business covering Energy, smart infrastructure, industrial machinery, aerospace and defense. The Mitsubishi Heavy Industries Group combines cutting-edge technology with deep experience to provide innovative, integrated solutions that help achieve a carbon-neutral world, improve quality of life, and ensure a safer world. For more information, visit www.mhi.com or follow our insights and stories at spectra.mhi.com. Copyright © 2022 JCN Newswire. All rights reserved. A division of the Japan Corporate News Network.