Insight
Shipping CO2 a long way: Can two-way freight with LPG or ammonia boost economics to justify intercontinental routes
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Report summary
This paper considers the technical, operating, and economic challenges of long-distance CO2 shipping routes transversing between global regions where emissions need to be disposed of and to where ample storage capacity exists. Fortunately, the formidable economic hurdle is eased by an estimated 35-45% if the ships return with LPG or ammonia, with which they can share the capital and operating cost burden. LPG shipping is most likely to spur long-distance CO2 shipping, at least in the near-term. The ammonia shipping market will take more time to develop and the issue of its reactivity with CO2 will need to be properly addressed.
Table of contents
- Introduction: where to put CO 2 and how to get it there?
- CO 2 shipping today: a regional story
- What changes as we move to long-distance shipping?
- Not coming back empty: two-way multicommodity freight
- What will spur long-distance CO 2 shipping?
Tables and charts
This report includes the following images and tables:
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Recent CO2 ship developmentsHow LP shipping distance affects costs at each value chain step for transport of 1 Mtpa of CO2Parasitic CO2 ship emissions as a function of CO2 transported
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Comparison of CO2 shipping costs and sizes for various global routesMulticommodity concept between South Korea and Saudi ArabiaComparing single commodity vs. multicommodity shipping configurationsTotal project life costs for scenario (over 20 years, US$ millions, total nominal)Changes in levelized cost of shipping for each commoditySensitivity of levelized cost of shipping to extra evacuation days that prevent multicommodity reactivity
What's included
This report contains:
