Memorandum of Understanding (MOU) is Signed on Collaborative Study for Ocean-Going Liquified CO2 Carriers toward the Realization of Large-Scale International Transportation from 2028 onwards

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard Co., Ltd., a Tokyo-based joint venture for ship design and sales between Imabari Shipbuilding Co., Ltd. and Japan Marine United Corporation, have signed an MOU with Mitsui & Co., Ltd. and Mitsubishi Corporation on the collaborative study for ocean-going liquified CO2 (LCO2) carriers to realize large-scale international transportation in Japan initiated CCS (Carbon dioxide Capture and Storage) from 2028 onwards. The four companies will proceed with this initiative aiming to apply it at the future commencement of CCS business led by the Japanese government.