A Navigator Gas and Bumi Armada joint venture has inked an MoU with energy company Uniper in a bid to meet the UK’s goal of decarbonising its power sector by 2030
US-listed gas carrier fleet owner Navigator Holdings and Malaysia-based floating infrastructure firm Bumi Armada have inked a deal with German energy giant Uniper to develop a carbon shipping fleet in the UK.
The memorandum of understanding (MoU) for the project aims to transport captured CO2 from Uniper’s proposed carbon capture plant at the Grain power station in Kent, in the UK.
The venture will deploy specialised LCO2 shuttle tankers capable of loading and unloading liquefied CO2 cargoes at either floating or fixed terminals. This flexible approach targets industrial processes lacking access to pipeline infrastructure.
Navigator Gas and Bumi Armada are operating through a 50/50 joint venture (JV) called Bluestreak CO2, which will leverage Navigator’s gas transport expertise and Bumi’s operational experience with a major floating production system in the North Sea to aid Uniper’s decarbonisation efforts.
The collaboration seeks to establish a comprehensive CO2 value chain, from capture to storage, supporting broader greenhouse gas reduction goals. Uniper, aiming for carbon neutrality by 2040, views this as a key step in transforming its operations.
“This collaboration will play an important role in helping to identify a shipped solution to safely transfer the captured CO2 from Grain for permanent offshore storage. Flexible CO2 transport solutions are needed to decarbonise essential industrial processes, which are not close to pipeline and subsea storage locations and will be critical to get first-of-a-kind non-pipeline projects like Grain Carbon Capture into operation,” Uniper’s UK country chairman Mike Lockett said.
Industry observers note this partnership could play a crucial role in advancing global decarbonisation efforts through innovative carbon capture and storage solutions.
In announcing the Bluestreak CO2 joint venture in 2023, Navigator Gas and Bumi Armada cited estimates "the potential market in the United Kingdom alone is over 30M tonnes of CO2 per annum from emitters who are not proximate to existing awarded carbon capture, usage and storage clusters".
"Navigator and Bumi Armada are in initial discussions with a number of emitters and if successful, the first shipment of CO2 is anticipated by the parties to take place three years after taking final investment decision," the statement said.
source: riviera news
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