Mitsui OSK Lines and US energy giant Chevron are to study the feasibility of shipping liquid CO2 from Singapore to Australia under a joint study agreement.

The two companies said they will explore the technical and commercial feasibility of initially transporting up to 2.5m tonnes per year of liquified CO2 by 2030.

The JSA, which was signed on Thursday, complements a recently announced consortium that aims to explore solutions for large-scale carbon capture, transport and storage of CO2 from Singapore.