Shipping and piping CO2 are in many cases complementary. However, the benefits as stated below could be considered in the transporation evaluation process.
Shipping CO2 can guarantee that the captured CO2 from a power station will be liquefied, transported by vessel and injected in a offshore field. The technology is based on conventional and proven technology.
Shipping CO2 does not depend on third-party consent or regulatory approvals that are uncertain and not in control of the parties involved.
Shipping CO2 is a flexible option. The vessels can be used after the CCS projects and they can either continue in the CO2 trade or be converted to the standard gas tanker trade.
Shipping CO2 is flexible throughout the life of the project, since it allows the client to create a CO2 hub by storing and transporting CO2 for other parties.
The lead-time of the shipping solution is usually less than the construction of a pipeline.
A shipping solution can be sized-up by adding vessels, while a pipeline need be sized for future transportation growth during its initial construction.
Shipping concepts can easily be used in other parts of the world, especially in emerging economies like India or China