ABS Group Provides Shipping Technical Report for IEA CO2 Transport Feasibility Study
The study was led by Michael Moore, vice president of energy commodities at Fearnoil Inc., a division of Astrup-Fearnley AS. ABS Group's Technical Inspection and Verification team, at the direction of Fearnoil, evaluated the technical potential to use certain liquefied gas carriers' low temperature / high pressure design features to combine carbon capture and storage (CCS) supply in Europe with enhanced oil recovery (EOR) demand in the US.
The IEA report was conducted as part of the US Department of Energy (DOE) Quadrennial Energy Review, which focuses on economic competiveness, energy security and environmental responsibility. The report concluded, based on ABS Group's technical evaluation, that liquid CO2 transport on gas carriers as part of a voyage optimizing backhaul cargo would be within feasible vessel design parameters and established trade routes. With sufficient demand development in the US, this would provide synergistic economic and environmental benefits by linking CCS supply to EOR demand within a developing maritime trade framework.
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About ABS Group
ABS Group of Companies, Inc. (www.abs-group.com), through its operating subsidiaries, provides technical advisory and certification services to support the safety and reliability of high-performance assets and operations in the oil, gas and chemical, power generation, marine, offshore and government sectors, among others. Headquartered in Houston, Texas, ABS Group operates with more than 1,500 professionals in over 30 countries. ABS Group is a subsidiary of ABS, a leading marine and offshore classification society.