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DOE Invests $6M to Design an Onshore/Offshore Carbon Dioxide Transport System

December 24, 2024

BY U.S. Department of Energy

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PETRONAS, MISC and MOL Announce Landmark Joint Venture to Advance Cross-Border CO2 Transportation

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By PETRONAS

June 24, 2025

Project Development Storage Capture Transport 

PETRONAS CCS Ventures, MISC Berhad (MISC), and Mitsui O.S.K. Lines, Ltd. (MOL) today announced the incorporation of a strategic joint venture. This joint venture will lead the development and act as the ultimate owner of Liquefied Carbon Dioxide (LCO₂) carriers, which are critical for transporting LCO₂ to designated storage sites.

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Worley Consulting has been chosen to continue delivering Lender’s Technical Advisor services for the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power). NEP is the CO2 transportation and storage provider to carbon capture projects across Teesside and the Humber in North-East England, while NZT Power aims to become the world’s first gas-fired power station with carbon capture and storage.

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A deal has been signed to boost emission reduction projects at Calcinor's lime plants, which could cut emissions by around 900,000 tons of CO2 per year, plus the development of a logistics chain for capturing, transporting, liquefying, storing, and loading the CO2 onto vessels for subsequent use or permanent storage.

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The journey to full-scale carbon capture in the United States follows safe pipelines.

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United Living Group announced that its subsidiary, United Living Energy Limited, has been selected by Liverpool Bay CCS Limited, a member of the global energy-tech company, Eni, as one of the primary contractors to deliver CO2 Transportation and Storage infrastructure. The ULIS project is worth approximately £250 million over a three-year period.

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