The European Commission’s long-awaited revision proposal for Phase 5 of the EU Emissions Trading System (EU ETS) represents a landmark transition for permanent Carbon Dioxide Removal (CDR). For the first time, the world’s largest carbon compliance market is laying down the specific legal architecture to integrate high-integrity, domestic removals, signaling a massive shift from voluntary corporate offsets to state-backed compliance demand. Addressing previous uncertainty sur

DESFA has secured European funding of 169.3 million euros for the APOLLOCO₂ project, which creates the first major Greek infrastructure for the transport, liquefaction and storage of carbon dioxide with the aim of decarbonizing the industry. Greece is attempting to gain a leading role in the new European carbon capture and storage market , expanding its footprint beyond natural gas infrastructure. At the heart of this strategy is DESFA ’s APOLLOCO₂ project , which has secure

The processes and discussions taking place in the "corridors of Brussels" in view of the Commission's proposal on July 17 for the reform of the EU ETS (European Emissions Trading System) mechanism include the final abolition of ETS 2. The discussion, as indicated by competent sources with knowledge of the matter, has "heated up" for good with the individual sectors of the industry, especially the energy-intensive part, intervening in every direction under the general line of

Northern Lights Lco2 carrier. Europe will need 65 more carbon dioxide (CO2) carriers and 33 new ports by 2050 to meet carbon capture, utilisation and storage (CCUS) goals, according to a new report from energy consultancy Xodus Group. The report predicts that the overall European captured CO2 transport market will evolve from 2030 to 2050 as a hybrid system between a range of onshore and offshore transport methods. The analysis screened roughly 850 operating ports across Euro

The global imperative to reduce carbon emissions has brought carbon capture, utilization, and storage (CCUS) technologies to the forefront of climate change mitigation strategies. Understanding the CCUS value chain is essential for grasping how this complex system functions and how it can be optimised to meet ambitious environmental targets. This article provides a detailed exploration of the CCUS process insights, breaking down each stage of the value chain and highlighting

The urgent need to reduce global carbon emissions has led to the exploration of innovative technologies and strategies. Among these, offshore carbon solutions have emerged as a critical component in the portfolio of climate mitigation efforts. These solutions primarily involve the capture, transport, and storage of carbon dioxide (CO2) beneath the seabed, offering a promising pathway to limit atmospheric CO2 concentrations. This article explores the role of offshore carbon so

Prinos Kavala - Greece The readjustment of the project's funding sources is leading to a review of the milestones for the technical "maturation" by EnEarth, a subsidiary of Energean, of the Prinos CO2 underground carbon dioxide storage facility . At the same time, the company has already initiated the process of approving the necessary documents for the Market Test, with the result that it is estimated that the "premiere" of the Market Test will take place by July at the late

Nikos Kakalis (source MERC). The Athens-based Maritime Emissions Reduction Centre (MERC) has launched a major new industry programme at Posidonia 2026, combining research, real-world pilot projects and data management applications development to help reduce greenhouse gas emissions from the existing global shipping fleet. The programme is designed to close the gap between theoretical solutions and operational reality, supporting shipowners with practical insight into how tech

The president of the Greek Shipowners' Association, Melina Travlou One of the clearest and most resounding messages that Greek shipping has sent in recent years about the green transition was sent by the president of the Greek Shipowners' Association, Melina Travlou , from Posidonia 2026. With an intervention that reflects the strategic position of the Greek shipping industry, the HSA clarified that it supports the decarbonization of shipping, but considers the proposed frame

Northern Pathfinder - Northern Lights Northern Lights, a joint venture (JV) encompassing three European oil majors: Shell, Equinor, and TotalEnergies, has decided to enlarge its fleet with another liquefied carbon dioxide (LCO2) carrier through a time charter deal with a consortium between Japan’s Kawasaki Kisen Kaisha (K Line) and Malaysia’s MISC. Northern Lights JV has awarded the consortium of K Line and MISC a long-term time charter party (TCP) contract for one newly bu

Credit: Neptune Lines Greek shipowner Neptune Lines is to retrofit two pure car carrier vessels with Value Maritime’s Filtree solution that provides an SOx scrubber and is carbon capture ready. This will be the first installation of Valu e Maritime’s technology on pure car carrier vessels, with units fitted on Neptune Tharros and Neptune Ethos, each with a 4,700 vehicle capacity. The Filtree system meets the 98% SOx removal requirement for operation in SECA areas and achieve

The increasing urgency to mitigate climate change has driven significant advancements in carbon capture, utilisation, and storage (CCUS) technologies. Among these, offshore CO2 storage has emerged as a promising solution to securely sequester carbon dioxide emissions away from the atmosphere. This blog post delves into the various offshore CO2 techniques, exploring their mechanisms, benefits, challenges, and future prospects. The goal is to provide a comprehensive understandi

Northern Lights CCS Fleet Grows with First Bernard Schulte's LCO2 Carrier Bernhard Schulte has recently christened its first liquefied CO2 (LCO2) carrier. This marks the company's entry into the carbon capture and storage (CCS)-related shipping segment. The vessel, named Northern Purpose, was officially launched on May 19 at Dalian Shipbuilding Offshore (DSOC) in China. It will play a crucial role in supporting the Northern Lights CCS project, a significant cross-border CO2 t

Trudvang unmanned wellhead platform with carrier The partnership combines the strengths of three industry leaders, spanning offshore engineering, CO₂ storage development and operations, and marine transportation. The MoU reflects a shared ambition to strengthen the Trudvang CO₂ transportation and storage project and establish robust, flexible, and commercially attractive CO₂ transport and storage solutions for European industrial customers. The Trudvang project offers flexibl

Capital Gas announced three days ago, the successful delivery of the 'Amadeus', their second 22,000 cbm low-pressure liquid CO₂ (LCO₂) / Multi-Gas Carrier, from Hyundai Mipo Dockyard Co., Ltd. (HMD). The 'Amadeus' is the second of four sister vessels scheduled for delivery by HMD in 2026. Engineered with cutting-edge multi-cargo capability, she is designed to transport LCO₂, LPG, ammonia, and selected petrochemicals. This delivery follows the recognition of sister vessel 'A

The transportation of carbon dioxide (CO2) in offshore environments is a critical component of carbon capture, utilisation, and storage (CCUS) strategies. As global efforts intensify to reduce greenhouse gas emissions, the ability to move captured CO2 safely and efficiently from capture sites to storage or utilisation locations offshore has become increasingly important. This article explores the various offshore CO2 transport methods, detailing their technical aspects, opera

Consensus at the International Maritime Organization (IMO) meeting of its Marine Environment Protection Committee (MEPC 84) this week remained elusive, with the US leading countries opposed to the proposed Net-Zero Framework (NZF) for greenhouse gas (GHG) reductions. But by late Friday evening, the majority of member states eventually reached an agreement on the J7 document, which sets out future work for the Intersessional Working Group on Reduction of GHG Emissions from Shi

BIMCO has introduced a new standard contract aimed at the fast-developing market for shipping liquefied carbon dioxide, as carbon capture projects begin to move from concept to execution. The world’s largest shipping association’s Documentary Committee has adopted CO2TIME 2026, a time charter party designed specifically for the carriage of liquefied CO₂ (LCO₂). It marks the first standard form tailored to this segment, where shipping is expected to play a key role in linking