Published by Todd Bush on March 28, 2025
Knutsen NYK Carbon Carriers AS (KNCC), a subsidiary of Nippon Yusen Kabushiki Kaisha (NYK) and Knutsen Group, has obtained Approval in Principle (AiP) from ClassNK for the design of liquified CO₂ carriers (“LCO₂-EP carrier”) that use the elevated pressure (EP) method to store and transport liquefied carbon dioxide (LCO₂) at ambient temperature. ClassNK has carried out a design review of this ship in accordance with the Rules for the Survey and Construction of Steel Ships, “Part N,” and has issued an AiP after confirming that the ship meets the prescribed requirements.The LCO₂-EP carrier uses LCO₂-EP Cargo Tank technology developed by KNCC to transport LCO₂ in a stable state. Since there is no need to cool LCO₂ to cryogenic temperatures, it is easy to handle and potentially reduces energy and costs during liquefaction.
NYK, KNCC, and ENEOS Xplora Inc. have developed a Floating Liquefied Storage Unit (FLSU) that combines the LCO₂-EP Cargo Tank technology with the Isenthalpic Expansion Cooling & Liquefaction Process. This Process has been researched and developed in collaboration among the three companies. ClassNK has issued an AiP following a review based on the Rules for the Survey and Construction of Steel Ships, “Part PS,” Guidelines for the Design of Floating Liquefied Natural Gas and Liquefied Petroleum Gas Production, Storage, Offloading and Regasification Units, etc.
This FLSU is a pioneering concept that liquefies and temporarily stores CO₂ that has been collected and transported as gas in an onshore facility, making it ready for further transport by LCO₂ carrier. By utilizing the features of the EP method, which has the potential to reduce the energy required for liquefaction, and adopting the Process, which is expected to be simpler and more compact than conventional cooling methods, it has become possible to install a liquefaction plant on a floating structure.
>> In Other News: Trump Administration Tells Oil and Biofuels Groups to Hash Out New Biofuel Policy
Carbon Capture, Utilization and Storage (CCUS) is one area that is expected to play a certain role in achieving a carbon-neutral society. However, issues need to be addressed, such as reducing overall costs and securing land for liquefaction and storage facilities. By utilizing this FLSU, the cost of CO₂ liquefaction and the land area required onshore in the CCUS value chain can be reduced, expanding the possibilities for realizing CCUS.
NYK, KNCC, ENEOS Xplora, and ClassNK will continue to contribute to realizing a carbon-neutral society by examining various technologies and assessing their economic and safety aspects towards achieving a CCUS value chain.

AiP presentation ceremony
Front row, from left: Masaki Matsunaga, Executive Vice President, ClassNK; Tetsuo Yamada, Executive Vice President, ENEOS Xplora; Synnøve Seglem, Director, KNCC; Tsutomu Yokoyama, Executive Officer, NYK
Second row, from left: Akio Usami, General Manager of Hull Department, ClassNK; Michitaka Miyama, General Manager, CCS Project Department, ENEOS Xplora; Jorunn Seglem, Deputy Director, KNCC; Anders Lepsøe, Managing Director, NYK Group Europe Norway; Oliver Hagen-Smith, CEO, KNCC; Jarle Østenstad, Director, KNCC


Comments from each company
Tetsuo Yamada, Executive Vice President, ENEOS Xplora Inc.The Floating Liquefaction Storage Unit concept was developed with the aim of assisting in resolving the challenges faced by many emitters, such as land use constraints and costs associated with liquefaction, in the realization of CCUS...
Tsutomu Yokoyama, Executive Officer, NYK LineIn August 2024, NYK, KNCC, and ENEOS Xplora succeeded in the demonstration experiment to study the CO₂ liquefaction process and have continued further discussions toward social implementation...
Oliver Hagen-Smith, CEO, Knutsen NYK Carbon Carriers ASI am delighted with this achievement and the continual collaboration with ENEOS Xplora...
Masaki Matsunaga, Executive Vice President, ClassNKWe are honored to be able to issue Approval in Principle (AiP) for the innovative initiatives of three leading companies...
Head office: Tokyo, JapanRepresentative: Toshiya Nakahara, President and CEOWebsite: https://www.eneos-xplora.com/english/
Head office: Tokyo, JapanRepresentative: Takaya Soga, PresidentWebsite: https://www.nyk.com/english/
Head Office: Haugesund, NorwayRepresentative: Oliver Hagen-Smith, CEOWebsite: https://www.kn-cc.com
Head Office: Tokyo, JapanRepresentative: Hayato Suga, President & CEOWebsite: https://www.classnk.com/hp/en/index.html
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💰 G20's Carbon Removal Gap Opens $1 Trillion Door ✈️ Gold Standard Labels First Credits As Eligible For CORSIA Compliance 🌲 Chestnut Carbon Has Sold High-Integrity IFM Carbon Rem...
Inside This Issue 💨 How Direct Air Capture Could Drop 75% in Cost ⚡ Cache Power Advances 30 GWh Compressed Air Energy Storage Project In Alberta 🪨 Canada Nickel And The University Of Texas At Aust...
Inside This Issue 🌾 EPA Rule Unlocks $20B Biofuels Boom: The Decarbonization Players Who Gain ⛏️ DMS Georgia: World’s First Deep Mine Carbon Storage 💧 Dirty Water Boosts Prospects for Clean Hydrog...
Innovative and proprietary solution aims to set a new standard for high-efficiency performance while delivering superior economics and flexibility to operate on natural gas and renewable natural ga...
Pacific Harbor Line Partners With Carbon Capture Start-Up
USA: Ports of Long Beach and Los Angeles rail operator Pacific Harbor Line has entered into a development agreement with Remora, which is developing mobile carbon capture technology for lorries and...
Objective of the Memorandum of Understanding (MoU) is to reduce CO2 emissions combining GE Vernova’s Exhaust Gas Recirculation (EGR) system and Toshiba Energy Systems & Solutions Corporation...
Carbon Clean, Samsung E&A To Deliver Modular Carbon Capture Systems
Carbon Clean and Samsung E&A have entered a new partnership aimed at delivering modular carbon capture systems to industries worldwide. The collaboration will combine Carbon Clean’s CycloneCC ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.