The Asia-Pacific (APAC) region is on track to take the lead in the CO2 shipping market, requiring almost 80 specialist vessels for interregional shipping in 2055, energy consultancy Xodus found in a new carbon capture, utilization, and storage (CCUS) report.

According to the ‘Forecasting the APAC CCUS Infrastructure’ report, produced in partnership with Subsea7, APAC’s CO2 sequestration needs could require over 90 storage sites, around 8,000 kilometers of pipelines, and nearly 80 specialist vessels.