Japanese shipping firm Mitsui OSK Lines (MOL) has decided to invest in Norway's Larvik Shipping, which operates liquefied carbon dioxide (CO2) tankers in Europe. It aims to tap into its business potential as part of the growing carbon capture, utilisation and storage (CCUS) industry.
source : https://www.argusmedia.com/
CO2 is produced during the process of making cement, iron, steel, and chemicals.
To create such materials, it is necessary to create high-temperatures, which can only currently be achieved efficiently by using fossil fuels. We have discussed alternative fuels (green fuel, bio fuel) in previous posts, however in today's market it is far more cost-efficient to use fossil fuel, and hence, we cannot avoid producing CO2.
CO2 is also a useful feedstock and a key input into a variety of other industrial processes; it's therefore a valuable commodity.
Carbon dioxide, can be used to make plastics, or it can be used directly to carbonate food and drinks.
The carbon capture, utilisation and storage (CCUS) industry is growing. By capturing and liquefying the carbon dioxide collected from the factories where they use fossil fuel during production, it will then be transported to be sold to manufacturers.
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