Mitsubishi Shipbuilding in Japan is the latest in a series of manufacturers and subassemblies that have completed ship design concepts to gain market share in emerging markets for new forms of gas transportation. The Japanese shipbuilder states that it has the concept of merging two specialized markets with potentially the highest revenues in the near future for the transport of ammonia and liquid CO2.
It can be seen that ammonia and LCO2, which require specialized modes of transport and unique designs to meet the challenges, have the potential to become two of the strongest markets emerging in the coming years. Ammonia, as a means of transporting hydrogen, is considered an increasingly powerful source of clean energy, but requires exceptional management to address its safety and even more destructive properties. At the same time, the extraction, storage and reuse of CO2 has attracted attention for the decarbonisation life cycle. Mitsubishi Heavy Industries estimates that the amount of CO2 transported by CCUS will be between 4.3 and 13.0 billion tons per year by 2050.
He works at Mitsui O.S.K. The companies have conducted several studies that have sought to provide a basis for a type of ship that has the potential to become mainstream in the LCO2 transport market. Their concept seeks to combine LCO2 and ammonia transportation to ensure that the planned increase in demand for transportation of both products and economic development for shipbuilding and shipbuilding is met quickly.
Companies point out that those carriers that are tailored to the specific requirements of unique products, such as ammonia or LCO2, are often low during their journey. Its conceptual design for a container that can carry ammonia and LCO2. The design developed by this study requires the transport of ammonia on the outer road and LCO2 on the return road. As such, the company believes that a ship capable of handling both components increases operational efficiency and contributes to improving overall transport efficiency.
Mitsubishi Shipbuilding says it will continue to develop the technology based on the knowledge gained and technical problems encountered during the project. The aim is to commercialize the ship in cooperation with shipping companies and oil development companies.
Given the potential of these value chains, Mitsubishi Shipbuilding announces that it will continue to manufacture a wide range of ships based on this design to easily meet customer needs. The company seeks to develop and commercialize LCO2 carriers that support the development of the CCUS value chain and become a leader in emerging decarbonisation-related sectors.