EXMAR and LATTICE announce Joint Development of CO2-Carrier with innovative design for more sustainable transportation
EXMAR and LATTICE Technology announced today that they have signed an agreement to jointly work on the development of a new type of CO₂-carrier. 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.
Sustainable Solutions
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 solutionsto cover both opportunitiesis 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 are therefore pleased to 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. Unique Tank Design 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 volumesto 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