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Collaborating with major energy player to evaluate the technical and commercial viability of liquefied CO2 marine transportation and storage in Southeast Asia toward cross-border commercialisation 23 December 2025 Nippon Yusen Kabushiki Kaisha (NYK) and its affiliate Knutsen NYK Carbon Carriers AS (KNCC) recently signed a memorandum of understanding (MoU) with PETRONAS CCS Solutions Sdn. Bhd. (PCCSS), a subsidiary of Petroliam Nasional Berhad (PETRONAS). The MoU formalises the launch of a joint feasibility study to evaluate the technical and commercial viability of a carbon dioxide capture and storage (CCS) value chain based on the Elevated Pressure (EP) method.* The study will focus on cross-border liquefied carbon dioxide (LCO2) marine transportation and will also cover temporary storage and offshore injections into subsurface reservoirs. 
From left: Masaki Ono, General Manager, Offshore Business Group, NYK, Nor A'in Md Salleh, Chief Executive Officer, PCCSS, Anders Lepsoe, Chair of the Board, KNCC. Image by NYK. Comments from NYK and KNCC
Anders Lepsoe, Chair of the Board, Knutsen NYK Carbon Carriers AS: "This MoU represents a major milestone in our mission to enable safe, scalable, and efficient maritime LCO2 transport. We believe KNCC's LCO2-EP technology - liquefaction, onshore storage, floating facilities, and shipping - is a game-changer for the CCS industry, allowing flexibility and low-cost options throughout the entire CCS value chain." Nippon Yusen Kabushiki Kaisha (NYK) Founded in 1885, NYK Line is a global logistics company that focuses on various forms of marine transportation, such as global logistics and bulk energy transportation, among many other related businesses. Operating one of the world's largest transportation networks, the company owns and operates a diverse fleet of car carriers, container carriers, and energy carriers. In recent years, we have actively entered new business areas, including the decarbonisation business, by leveraging the knowledge and technology we have cultivated over many decades in shipping. For more information, please visit: https://www.nyk.com/english/ Knutsen NYK Carbon Carriers AS (KNCC) As a global leading company in the carbon capture and storage (CCS) value chain, KNCC is specialising in the safe, scalable, and efficient transport of liquefied CO2 (LCO2). At the heart of our mission is our proprietary LCO2-EP technology, which integrates liquefaction, onshore storage, floating facilities, and shipping into a comprehensive solution that enhances CCS efficiency and flexibility. KNCC delivers cost-effective transport options that accelerate global decarbonisation and unlock new opportunities for CO2 capture and storage across industries. With cutting-edge innovation and proven expertise, KNCC is contributing to build a sustainable future. For more information, please visit: https://www.kn-cc.com/ PETRONAS CCS Solutions Sdn. Bhd. PETRONAS CCS Solutions Sdn. Bhd. (PCCSS) was established to conduct CCS business activities and to develop, own, and operate CCS infrastructure in Malaysia, including geological studies and appraisals, with the intent to establish a regional and global footprint as part of its growth aspirations. PCCSS is committed to providing solutions that support cleaner energy, catalyse economic growth, and contribute towards climate action in realising PETRONAS' Net Zero Carbon Emissions pathway, while positioning Malaysia as the regional CCS hub. For more information, please visit: www.petronas.com * Elevated Pressure (EP) method Developed by KNCC to transport LCO2 at ambient temperatures and elevated pressures (0 to 10 degC / 34 to 45 barG). NYK Group, press release 
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