MISC Berhad and Kawasaki Kisen Secure Ten Year Carbon Dioxide Transport Contract with Northern Lights

A joint venture will provide a new liquefied carbon dioxide carrier for the Northern Lights project in Norway to support long term offshore storage operations.

Insights:
MISC Berhad and its Japanese partner Kawasaki Kisen Kaisha, Ltd. (K Line) have secured a 10-year time charter with the Northern Lights joint venture in Norway NONO. The agreement involves a new-build 12,000-cubic-metre liquefied carbon dioxide carrier that will be owned jointly by the two companies. This vessel is designed to move captured carbon dioxide from industrial capture sites to permanent offshore storage facilities.
A view of signage featuring the Northern Lights carbon dioxide project logo and other corporate logos outside the facility in Oygarden, Norway, on October 18, 2022. REUTERS/Nora Buli
A view of signage featuring the Northern Lights carbon dioxide project logo and other corporate logos outside the facility in Oygarden, Norway, on October 18, 2022. REUTERS/Nora Buli
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