Norway’s Hunter Group has bemoaned the slow progress being made in the carbon capture, transport and storage (CCTS) industry.

The Oslo-listed company has continued to make considerable design advancements on its next generation of liquefied CO2 carriers.

But Hunter said in its second quarter report: “While we remain strong believers in CCTS’s ability to play a key role in the fight against climate change, we also recognise that the CCTS market is developing slower than expected.