‘K’ Line Energy Shipping (UK) Limited (KLES), a London-based subsidiary of Kawasaki Kisen Kaisha, Ltd., and Havstjerne ANS (HANS) an unlimited liability incorporated partnership of Harbour Energy Norge AS (Norwegian subsidiary of Harbour Energy, an oil and gas company in the UK) and Stella Maris CCS AS (a wholly owned subsidiary of the Yinson Production) have entered into an agreement to jointly identify the transportation, injection and storage solutions best suited for the Havstjerne CO2 storage licence on the Norwegian Continental Shelf and work to increase the maturity of these solutions.
Under a Memorandum of Understanding (MoU), KLES and HANS will collaborate to optimise technical and commercial solutions for a marine-based CO2 value chain based on a floating storage and injection unit (FSIU) and liquefied CO2 carriers and bring these solutions to maturity. The two companies will leverage their expertise in liquefied CO2 transportation, injection, and subsurface storage to provide a robust and cost-effective CO2 transport and storage service to emitters participating in the Havstjerne CO2 value chain.
For CCS projects worldwide, offshore sequestration is a safe and efficient way of permanently storing large volumes of CO2. FSIUs are well suited to serve as safe, reliable and cost-efficient solutions in offshore CCS projects where it is difficult to secure sufficient land for an onshore CO2 receiving terminal, or where the distance between the receiving terminal and the offshore storage site would require an extended pipeline. The Havstjerne licence is in the Norwegian sector of the North Sea, approximately 100 km southwest of Egersund and within relative proximity to key ports in Northern Europe. It is 60% owned by Harbour Energy (the operator) and 40% owned by Stella Maris CCS AS, a unit of Yinson Production.
Yinson Production operates a fleet of floating production, storage and offloading (FPSO) and floating storage and offloading (FSO) vessels and has extensive expertise in engineering, design, and operations in the offshore energy sector. Since 2021, Yinson Production has been steadily developing its carbon value chain, with direct investments in carbon capture technologies.
The ‘K’ LINE Group has a long history and diverse track record in the owning, operation and management of liquefied gas carriers. Since 2024, KLES has managed two liquefied CO2 carriers for the world's first commercial CO2 transport and storage service. In line with ‘K’ LINE Environmental Vision 2050, the ‘K’ LINE Group’s long-term environmental policy, the ‘K’ LINE Group is actively promoting various initiatives with the goal of supporting its own decarbonisation efforts and those of society. ‘K’ LINE will push forward with its CCS business with the aim of achieving a sustainable society and enhancing its corporate value.