INEOS Orders CO2 Carrier

A Major Investment in Carbon Capture and Storage

INEOS, a global petrochemical company, has placed an order for a specialized CO2 carrier from Hyundai Heavy Industries (HHI). This investment is part of INEOS's commitment to carbon capture and storage (CCS), a technology that captures carbon dioxide (CO2) from industrial processes and stores it underground. The new carrier will transport CO2 from INEOS's planned CCS facility in Norway to storage sites in the North Sea.

The Need for Carbon Capture and Storage

CCS is an essential technology to mitigate climate change. The burning of fossil fuels releases CO2 into the atmosphere, which contributes to global warming. CCS can help to reduce CO2 emissions by capturing and storing it underground. This technology is especially important for industries that produce large amounts of CO2, such as the petrochemical industry.

INEOS's Commitment to CCS

INEOS is one of the world's leading petrochemical companies. The company has a strong commitment to sustainability and is investing heavily in CCS. INEOS's planned CCS facility in Norway is one of the largest projects of its kind in the world. The facility will capture CO2 from INEOS's petrochemical plant in Rafnes, Norway. The CO2 will then be transported to storage sites in the North Sea.

The New CO2 Carrier

The new CO2 carrier will be able to transport up to 8,000 cubic meters of CO2. The carrier will be equipped with the latest technology to ensure the safe and efficient transport of CO2. The carrier is expected to be delivered in 2024.

The Future of CCS

CCS is a promising technology that has the potential to significantly reduce CO2 emissions. INEOS's investment in CCS is a major step forward in the fight against climate change. The company's new CO2 carrier will play a vital role in transporting CO2 from industrial processes to storage sites.