PT Pertamina International Shipping (PIS), a subsidiary of state-owned oil and gas firm Pertamina, has partnered with Nippon Yushen Kabushiki Kaisha (NYK) Group to focus on carbon dioxide (CO2) and liquefied natural gas (LNG) transportation, as well as ship management.
Under a signed Memorandum of Understanding (MoU), the duo has agreed to set up a jointly owned ship management company to meet increased demands in Indonesia.
In turn, this will focus on CO2 and LNG movements. As part of this focus, the companies have said they hope to offer liquid CO2 (LCO2) transportation services for storage operators and CO2 emitters.
Playing its role, PIS will focus on the transportation part of the CCS project, which requires ships to move the product [CO2] to carbon storage facilities, such as underground wells.
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