Germany-based shipowning company Bernhard Schulte has placed an order for its first CO2 tanker. The LNG dual-fuel newbuilding will be constructed at Dalian Shipbuilding Offshore (DSOC) and feature innovative technologies aimed at significantly reducing its carbon footprint such as wind propulsion and air lubrication.
The CO2 carrier is planned for delivery in 2026, when it is scheduled to start a long-term time charter with Northern Lights and support the development of the world’s first cross-border CO 2 transport and storage infrastructure.
The 7,500 cbm newbuilding is the fourth CO2 carrier for Northern Lights, a joint venture owned by Shell, TotalEnergies, and Equinor. The fourth Northern Lights ship will be owned and operated by Bernhard Schulte.
“Ordering this vessel is an exciting step in the expansion of Bernhard Schulte’s fleet portfolio in an innovative future tanker segment. We are looking forward to becoming part of Northern Lights industry leading project to provide CO 2 transport and storage infrastructure. We are furthermore delighted to have Dalian Shipbuilding Offshore as our selected partner in this endeavour. The Schulte Group has long-standing relationships with Chinese shipyards, which is a strong foundation for this outstanding project,” says Ian Beveridge , CEO of Bernhard Schulte.
The first two sister ships have reached over 60% completion and are on track to set sail in 2024.
The Northern Lights’ carbon capture, transport, and storage project comprises the development of a receiving terminal, underwater infrastructure (including the pipeline, subs installations, and wells), intermediate storage tanks, and onshore facilities.
The receiving terminal, the point where CO2 will be received from incoming ships, is in the commissioning phase, with 95% completion , and it is anticipated to be in full operational readiness next year.
From here, the CO2 will be stored in onshore tanks before being transported through a pipeline to an offshore reservoir for permanent and safe storage at a 2,600-meter depth under the seabed. Operations are scheduled to start in 2024.
Northern Lights has signed a binding commercial agreement with Norwegian-based ammonia player Yara International which is expected to pave the way for the world’s first cross-border transportation and storage of CO2.