• Home
  • News
  • EXMAR and LATTICE announce joint development of CO2 carrier
  • 2021 October 22 17:15

    EXMAR and LATTICE announce joint development of CO2 carrier

    EXMAR and LATTICE Technology announced today that they have signed an agreement to jointly work on the  development of a new type of CO carrier, according to the company's release.

    The joint venture allows the two companies to combine their individual  expertise; EXMAR as a leading player in the design, ownership and operation of innovative and efficient gas carriers  and LATTICE Technology in creating innovative tank designs for CO₂ transport.       

    With the global need to decarbonize the atmosphere and our world economy heavily relying on a secure energy  supply, one of the promising fast-track solutions to cover both opportunities is Carbon Capture Utilization and Storage  (CCUS). To achieve sustainable CCUS projects, there will be a need to transport CO₂ in an economical way and on a  very large scale.   

    EXMAR and LATTICE Technology announce the signing of a joint development agreement for  the design of a 40,500 m³ CO₂ carrier, which is also suitable for LPG and Ammonia transportation. The Joint  Development Company will combine LATTICE’s innovative and efficient tank design for CO₂ transport together with  EXMAR’s strong knowledge and experience in design and operation of innovative and efficient gas carriers.   

    A study proved that the patented LATTICE tank design, Lattice Pressure Vessel (LPV), provides the best solution for  large-scale CO₂ transportation at low and medium pressures. The design and vessel size can be adjusted to meet all  required transport volumes to ensure the most optimal logistical solution in the most cost-competitive way. The initial  concept is a 195 meters long Panamax beam vessel with a cargo capacity of 40,500 m³. Such a vessel will be tailored to support CCUS projects with capacities ranging from 2 to 10 MTPA.

    Additionally, a 3,000 m3 storage capacity for low  CO₂ emitting fuels like LPG Ammonia or LNG has been foreseen.      

    The patented tank design will also provide the best storage solution for offshore CO₂ liquefaction or re-injection  projects. The robust pressurized storage tanks can be made in an efficient shape fitting the ship hull and allowing for  large storage capacity. An additional benefit for offshore storage is that the LPV design prevents sloshing problems  even in the harshest environments.

    About EXMAR:

    EXMAR is a provider of floating solutions for the operation, transportation and transformation of gas. EXMAR’s  mission is to serve customers with innovations in the field of offshore extraction, transformation, production, storage and  transportation by sea of liquefied natural gases, petrochemical gases and liquid hydrocarbons. EXMAR creates economically viable  and sustainable energy value chains in long-term alliances with first class business partners. EXMAR designs, builds, certifies, owns,  leases and operates specialized, floating maritime infrastructure for this purpose as well as aiming for the highest standards in  performing commercial, technical, quality assurance and administrative management for the entire maritime energy industry.  EXMAR is listed on Euronext Brussels (EXM) and is part of the BEL Small Index.   

    About LATTICE Technology:

    LATTICE Technology provides an innovative containment solution called the LPV (Lattice Pressure  Vessel), which is a ground-breaking free-form pressure tank for cargo tanks of liquefied gases (LPG/LNG/LH2/CO₂/Ammonia) for  ships, terminals, production facilities and trailers, as well as standalone fuel tanks for ships, land vehicles, and flying vehicles.  LATTICE Technology is located in Daejeon, South Korea with an office in Oslo, Norway.




2021 December 2

18:36 NRP buys handysize drybulk carrier
18:06 2M Alliance’s Far East liner service „AE 7/Condor“ calls at Hamburg again
17:54 Icebreaker assistance season starts in Big Port St. Petersburg on December 7
17:36 Vitol is first customer to approve completely digital inspection of cargo tanks
17:15 BIMCO launches new contract for employment of security escort vessels
16:45 GTT will design the tanks of four new LNG carriers ordered by Daewoo Shipbuilding & Marine Engineering to operate in Arctic waters
16:25 MOL announces delivery of next-generation coal carrier 'EeneX' series
16:05 PSA & ONE launch environmentally friendly barge service at Jurong Island Terminal
15:42 “K” Line conducts trial use of marine biofuel for decarbonization on car carrier
15:38 Wärtsilä wins order to supply cargo handling system for second LNG bunker vessel being built by Fincantieri Bay Shipbuilding
15:23 Verifavia launches industry’s first real-time carbon intensity indicator dashboard
14:55 Two more LK-60 icebreakers needed for regular year-round navigation on Northern Sea Route
14:28 Equinor and SSE reach financial close on the third phase of the world's biggest offshore wind farm
14:04 Nuclear-powered icebreaker Sibir to commence operation in Kara Sea in early January 2022 – Vyacheslav Ruksha
13:42 MABUX: Bunker Weekly Outlook, Week 48, 2021
13:02 European shipowners call for further action in the Gulf of Guinea
12:40 Rolls-Royce to supply eight mtu engines for new Svitzer tugs in Brazil
12:01 Throughput of Azov port in 11M’2021 climbed by 1% YoY
12:00 NORDEN simplifies business unit structure
11:36 Norway’s Eksfin tops NOK 10bn in offshore wind financing as Dogger Bank C reaches financial close
11:34 Annual throughput of Severnaya Zvezda project on Taimyr peninsula to exceed 7 million tonnes from 2026
11:10 MABUX: Uncertainty on Global bunker market to continue on Dec 02
10:00 Digital Twin Conference 2022 to be held virtually on 11-12 May 2022
09:33 Crude oil prices are rising in expectation of OPEC+ meeting
09:19 Baltic Dry Index as of December 1

2021 December 1

19:15 PortNews to hold Ship Repair, Modernization and Components Conference on 20 September 2022 in Saint-Petersburg
18:31 DP World celebrates 2,000 members of the Digital Freight Alliance
18:07 CMA CGM and Shell perform first Bio-LNG bunkering operation in Rotterdam
17:42 8 new fuel-efficient ships to join the X-Press Feeders fleet
17:26 Danish Smyril Lines Cargo starts second service between Iceland, the Faroe Islands and Rotterdam
17:06 Port of Antwerp invests in digitalisation of radar infrastructure
16:47 Western Australia and Port of Rotterdam to collaborate on renewable hydrogen
16:05 IMO moves ahead on GHG emissions, Black Carbon and marine litter
15:50 Diana Shipping announces completion of OceanPal spin-off
15:41 RF Federation Council approves Federal Law on Ratification of Nairobi Convention
15:04 Yang Ming adds the latest of its 9th 11,000 TEU ship to the Trans-Pacific service
14:07 SEA-LNG backs Europe’s goal-based, technology-neutral regulation for cleaner shipping
13:50 Liepaja SEZ Board appointed Uldis Hmieļevskis, Deputy CEO, as Acting Manager
13:14 Rolls-Royce extends TBO intervals of mtu Series 4000 engines for commercial marine application
13:03 Oil shipments via CPC Marine Terminal in 11M’21 climbed by 0.7% YoY
12:56 Valenciaport tenders the drafting of the urban development project for areas 2 and 5 of the Special Plan for zone 1 south of the Port of València
12:06 Mostotrest conducted 2,177 operations on raising bridges in Saint-Petersburg over navigation season of 2021
11:45 MABUX: Bunker prices may continue to decline on Dec 1
10:49 Russian Railways' network loading climbed by 3.3% in 11M’2021
10:15 Maersk Customs Services USA highlights trends and opportunities for U.S. importers
09:51 Port of Kiel receives funding for digital test field
09:30 Crude oil prices start rising
09:16 Baltic Dry Index as of November 30

2021 November 30

18:35 ICS urges WTO Director General to prioritise maritime transport in multilateral trade negotiations
18:14 First phase of Tuas Port reclamation works completes
17:53 Finnlines announces bunker surcharge for Malmö-Travemünde-Malmö
17:35 HDB, JTC and MPA, which issue over two-thirds of government invoices, offer e-invoicing through IMDA’s InvoiceNow
17:04 DNV supports world first large-scale testing of submerged CO2 pipelines
16:48 RF Navy’s large anti-submarine ship Vice Admiral Kulakov enters Barents Sea
16:34 Brittany Ferries takes delivery of Salamanca
16:04 Port of Oakland total cargo volume down 20 percent in October 2021
15:50 RF Navy's corvette Gremyashchy and two submarines of Varshavyanka project welcomed in Vladivostok
15:39 Abbey Heimensen appointed to VP of Marketing, MarineMax
15:34 The Port of Barcelona validates its Innovation Plan
15:19 Icebreaker Sibir of Project 22220 completed main part of shipbuilder’s sea trials