Maersk Tankers claims transporting CO2 by sea is cost-competitive and more flexible than pipelines on longer distances or in smaller quantities, after examining the business case for entering the transport market for either offshore storage or enhanced oil recovery (EOR). EOR uses CO2 to increase oil recovery rates in maturing oil fields.
“Utilizing our experience in transporting liquefied petrochemical and natural gasses, we have developed a large scale case for transport of CO2 for storage or EOR,” says Martin Fruergaard, senior vice president, Maersk Tankers.
Maersk
