Chiyoda, NYK Line, and KNCC Establish Global Carbon Capture and Storage Partnership

Japanese engineering firm Chiyoda Corporation, shipping giant Nippon Yusen Kabushiki Kaisha (NYK Line), and Norway-based Knutsen NYK Carbon Carriers (KNCC) have formalized a strategic partnership to advance carbon capture and storage initiatives globally. ## Partnership Scope The three organizations have signed a memorandum of understanding (MOU) to expand business opportunities for CCS projects in Japan and overseas. The collaboration aims to optimize transportation methods and explore cooperation across multiple project stages, from initial concept studies through feasibility assessments and detailed engineering work. ## Specialized Roles The partnership leverages the distinct expertise of each organization: - **Chiyoda Corporation** will focus on onshore terminal infrastructure, CO2 capture processes, liquefaction systems, and regulatory compliance frameworks. - **NYK Line** will lead studies on liquefied CO2 marine transportation using varying pressure modes and serve as the overall project coordinator. - **KNCC** will investigate liquefied CO2 transportation methods, offshore injection techniques, and floating solutions for liquefaction and storage operations. ## Building on Previous Work The partnership builds momentum from a joint feasibility study completed in 2024, during which the three companies evaluated costs, implementation timelines, and practical deployment challenges across three distinct technology options for liquefied carbon dioxide transport. The initiative reflects growing industry efforts to develop integrated supply chains for carbon management, combining Japan's engineering and shipping expertise with specialized offshore capabilities to position these organizations as key players in the emerging global CCS market.