Europe will need 65 CO2 ships and 33 ports for carbon capture infrastructure by 2050, forecast says
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by Jamey Bergman
Summary
A forecast from Subsea7 subsidiary and energy consultancy Xodus predicts that Europe will need approximately 65 CO2 carriers and infrastructure at 33 ports by 2050 to meet decarbonisation targets. Despite over 75% of emissions being sent for storage via pipeline by mid-century, ships will carry twice the expected volume as carbon capture and storage projects scale up. The forecast accounts for a halving of market share for CO2 transport by ship over that period.
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Key quotes
· 3 pulledRemoving enough carbon dioxide (CO2) emissions to meet its decarbonisation targets will require Europe to have a dedicated fleet of around 65 CO2 carriers and infrastructure built at 33 ports by 2050
The forecasted figures take into account a halving of market share for CO2 transport by ship over that period
Despite more than 75% of emissions being sent for storage via pipeline by mid-century, the study authors say that ships will carry twice the volume they are expected to as carbon capture and storage projects scale up
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