Evergas, Ultragas set up new venture for captured CO₂ transportation
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

Evergas and Ultragas set up venture for captured CO₂ transportation

20 May 2021 (Last Updated May 20th, 2021 12:40)

Evergas and Ultragas have established Dan-Unity CO₂, a company that will focus on developing a CO₂ transport shipping line.

Evergas and Ultragas set up venture for captured CO₂ transportation
Carbfix stated that its technology will be used at the Coda Terminal for storing CO₂ permanently by converting it into stone. Credit: Carbfix.

Danish shipping firms Evergas and Ultragas have teamed up to establish the first shipping company to focus on vessels for the transportation of captured carbon dioxide for storage (CCS) and re-use (CCU).

The new company, Dan-Unity CO₂, has partnered with Icelandic Carbfix and aims to facilitate the transportation and storage of CO₂ by 2025.

The duo will transfer CO₂ to the Coda Terminal, which is a new CO₂ Mineral Storage Terminal in Iceland’s Straumsvík.

Carbfix stated that its technology will be used at the Coda Terminal for storing carbon dioxide permanently by converting it into stone.

As per the company’s estimates, Iceland has the capacity for storing 2500 gigatonnes of CO₂, constituting more than 55 years of the entire world’s emissions.

Carbfix CEO Edda Sif Pind Aradóttir said: “The Carbfix technology provides a safe, permanent and economic alternative to conventional carbon capture and storage solutions by imitating and accelerating nature’s way of CO₂ mineral storage.

“By dissolving CO₂ in water and injecting it into underground basaltic formations, the CO₂ turns into stone in less than two years. Collaboration of Carbfix and Dan-Unity CO₂ further strengthens the robust relationship between Iceland and Denmark.”

The project will involve the development of specialised vessels for the safe and cost-efficient transportation of carbon dioxide.

The purpose-built vessels will operate on green energy and be designed to carry approximately 450,000 tonnes of CO₂ a year.

After the construction of the ships, the captured CO₂ will also be utilised for alternative energy forms, including CCU and Power-to-X.

Furthermore, these vessels will require longer-term contract commitments as they will not be used for other trade purposes.

Currently, Dan-Unity CO₂ is working on the development of several vessel designs of different sizes, with a lead time of 27-28 months to build a CO₂ vessel.

It has secured a grant from the Danish Maritime Fund to facilitate the development of the new vessels.