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Northern Lights awards ship management contract to “K” LINE

12/19/2022

Northern Lights JV DA and Kawasaki Kisen Kaisha, Ltd. (“K” LINE) have signed contracts for “K” LINE to operate the two first 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.

“‘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”, said Børre Jacobsen, Managing Director of Northern Lights.

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.

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

Northern Lights and “K” LINE will jointly establish operational procedures for safe transportation of liquefied CO₂. The ships are classified by DNV and will be registered in Norway and operated under Norwegian (NOR) flag by mainly Norwegian shipboard personnel.