Provaris and Yinson making strides in LCO2 shipping solutions

Australian energy company Provaris and Yinson Production, an owner and operator of floating, production, storage, and offloading (FPSO) vessels, have completed liquid CO2 (LCO2) tank design and formed a joint venture (JV) to commercialize LCO2 marine and offshore applications.

Provaris and Yinson are collaborating on the development of a large-scale LCO2 tank design under the agreement signed in October 2024. They have now completed Phase 2 in the design stage and submitted the result to a marine classification society for preliminary approval.

According to Provaris, the design package submitted for approval reinforces the tank’s credibility and suitability for deployment in maritime operations, with the outcome anticipated in the near term.