Maersk Tankers to transport N. Sea area CO2

Eric Watkins
OGJ Oil Diplomacy Editor

LOS ANGELES, Mar. 19 -- Maersk Tankers, preparing to enter the CO2 transportation market to promote carbon capture and storage (CCS), said that according to its studies, more than 750 million tonnes of CO2 are emitted from large stationary power plants near the sea in the North Sea region.

That CO2 could be either stored underground offshore or used for enhanced oil recovery in maturing fields, it suggested.

The Maersk Tanker studies showed that 15 Handysize (20,000-cu-m) gas carriers could transport more than 50% of Denmark's annual CO2 emissions for storage in the North Sea—the equivalent of all CO2 from large Danish stationary emission sources.

Affiliated company Maersk Oil also is investigating CO2 mitigation technologies for geological storage of CO2 "to meet the expected demand," said Senior Vice-Pres. Michael Engell-Jensen, who heads up the company's carbon and climate department.

Maersk Oil said it is in discussions with potential partners to develop CCS projects that would remove CO2 from point sources, such as coal-fired power plants, and store it underground, either onshore or offshore.

Contact Eric Watkins at hippalus@yahoo.com.

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