Mitsui OSK Lines is moving into the liquefied CO2 ocean transport business with the acquisition of a stake in Norway’s Larvik Shipping.

The Japanese shipowner said CO2 transportation plays a “key role” in CO2 capture utilisation and storage (CCUS) as a means of connecting collection sites with storage or usage sites.

MOL said CCUS is drawing attention as a technology to collect and store CO2 or use it effectively, and a step towards realising a low-carbon society.