Taking into account the potential of carbon capture technology, KN (AB Klaipedos Nafta), Larvik shipping (LS) and Mitsui OSK Lines Ltd. (MOL) has signed an agreement to conduct a feasibility study for a liquefied carbon dioxide (CO2) project, which could be implemented using the existing CN infrastructure in Klaipeda. For this purpose, the whole concept of the liquid carbon dioxide value chain in Lithuania and potentially in the Baltic region will be evaluated, and the center would be the port of Klaipeda.
Global energy systems are evolving to contribute to meeting the challenges of climate change. Carbon capture, transport and storage (CCUS) is a technological solution that makes a significant contribution to a sustainable energy future. In the context of the European Green Rate, it is seen as crucial to achieving the goal of a zero-emission economy by 2050.
Several CCUS projects are currently underway in Europe with a clear commitment to developing an environmentally and economically viable emission capture solution for industries that are more difficult to decarbonise.
Only in Lithuania in 2020. emissions from installations covered by the European Emissions Trading Scheme (ETS) amounted to around 6 million tonnes of CO2. This obliges to find the most suitable carbon management solutions for the local market. Republic of Lithuania 2021Ė2030 The National Energy and Climate Action Plan identifies carbon capture as one of the promising areas for further research on opportunities in Lithuania.
The main objective of the feasibility study envisaged by the CN with partners is to identify the optimal solution for the export of carbon dioxide to one or more CO2 recovery or disposal sites in Europe. The study also includes the possibility of assessing the potential of blue hydrogen production as an important and necessary solution for the future of a zero-emission economy.
During this feasibility study, KN will contribute its accumulated knowledge and competencies acquired during the construction and operation of oil and LNG terminals in Klaipeda, assessing the function that this infrastructure could perform by applying CCUS technology.
Larvik Shipping and MOL are working closely together to accelerate the liquefied CO2 business and contribute to an efficient and workable maritime logistics solution. Within the scope of the feasibility study, these partners will include a part of the CCUS value chain logistics study.
The CN, assessing the importance and synergies of the hydrogen and carbon markets, joined the establishment of the Lithuanian Hydrogen Platform, which brings together representatives of business and state institutions for joint carbon dioxide management initiatives. Therefore, the results and insights of the feasibility study planned by the CN and partners can also help accelerate the production of climate-friendly hydrogen from fossil fuels.