As the urgency for global decarbonisation intensifies, CCS is emerging as a cornerstone of climate strategy and is poised for rapid expansion. An estimated 210 million tonnes per annum of CO2 will be captured by 2030, with even steeper growth anticipated through 2040 and 2050. This surge must be matched by a corresponding scale-up in the CO2 carrier fleet.
CO2 shipping offers a flexible, long-range solution for transporting captured carbon across seas, playing a pivotal role in the global CO2 value chain. It enables delivery to final storage sites or reuse in industrial processes, bridging geographic gaps in CCS infrastructure.
However, this value chain remains in its early stages. The coming years will demand the construction of larger, cost-efficient, purpose-built vessels, alongside the development of supporting maritime infrastructure, including floating terminals and offshore units, to enable scalable, efficient CO2 transport.