Three industry giants unite to accelerate global carbon capture projects

Three major firms have joined forces to advance carbon capture and storage (CCS) projects. Nippon Yusen Kabushiki Kaisha (NYK), Chiyoda Corporation, and Knutsen NYK Carbon Carriers signed a memorandum of understanding to focus on CO₂ transport solutions. Their collaboration aims to speed up the rollout of essential CCS infrastructure worldwide. The partnership builds on earlier joint research carried out in 2024. During this phase, the companies examined various configurations for shipping liquefied CO₂. Their findings were later presented at a technical seminar hosted by the Global CCS Institute.

The new agreement covers all stages of CCS projects, from initial concept design and feasibility studies to engineering and construction. A key priority is optimising the transport of liquefied CO₂, particularly where pipeline networks are unavailable. Shipping is seen as a vital alternative for moving carbon emissions across borders. The companies plan to develop tailored solutions for each project, addressing both technical and financial challenges. By combining their expertise in engineering, shipping, and project development, they hope to create more efficient and bankable CCS systems. The partnership also seeks to establish standardised approaches, making future projects easier to fund and implement.

This collaboration highlights the growing need for coordination in the CCS sector. Successful projects rely on seamless integration of capture, transport, and storage components. The firms' joint efforts could help accelerate the deployment of large-scale carbon management solutions.