Carbon Shipping Set To Boom As Companies Look For Offshore Storage Options ...Middle East

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Carbon Shipping Set To Boom As Companies Look For Offshore Storage Options
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The transportation of carbon dioxide (CO2) is taking to the seas as emitters look for flexible ways to move captured carbon to offshore storage projects, with a fleet of 55 carriers required by 2030, according to Rystad Energy research. Based on planned carbon capture projects, we predict that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade, volumes requiring 48 terminals to handle the import and export of the gas. As the global carbon capture, utilization and storage (CCUS) market expands, a significant…

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