emitters based on their proximity to CO 2 storage sites, existing pipeline networks or potential utilisation opportunities can inform the feasibility of the development of projects in these sites. Outlook for LCO 2 carriers It is still uncertain how big the CO 2 and LCO 2 shipping markets will be. However, with more and more CCUS projects being announced, it is expected that increasing the number and unit capacities of LCO 2 carriers will be essential to transport the large volumes of captured CO 2, and the projections of the future fleet are ambitious.
variables involved in estimating the size of the shipping market, such as total CCUS market size, announcements of projects and their successes, and the economic climate and disruptions, make accurate predictions difficult. However, as new projects are announced and source-to-sink matching increases, it becomes apparent that a significant number of new vessels will be required to satisfy the demand for transport, storage, and utilisation.
Tao Shen tshen@eagle.org
The utilisation of CO 2 in industrial processes, including the production of alternative fuels, is also at an early stage, and there is wide variance in predictions for the expected growth of the market. However, the need for utilisation of CO 2 in industrial processes driven by the energy transition will create additional demand and likely lead to further growth in the size of the LCO 2 market. According to a 2018 study by the European Zero Emission Technology and Innovation Platform (ETIP ZEP), it is estimated that 600 vessels will be required to support the burgeoning CCUS sector in Europe. Although the study was EU-specific, the LCO2 vessels will support the development of the carbon value chain all over the world. As vessels sizes increase, the required fleet size may shrink; however, the total capacity required will follow the market trend of greater need for LCO 2 carriers. The assumptions and
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23 - 24 October 2024, Sands Expo & Convention Centre, Singapore
Key Topics of This Year
Carbon Capture
Plastics Recycling
FCC Catalysts
Operational Excellence
Financing
Industry Collaboration
Digital Transformation
Energy Transformation & Sustainable Energy
Hydrogen & Ammonia
Key Stats
1,200+ Industry Professionals
60+ Sponsors & Exhibitors
350+ Refining, Petrochemicals Operators & Specialty Chemicals Companies
100+ Speakers
What’s new this year
Expanded Attendee Profile Enhanced focus on strategic content , tackling pivotal industry challenges and opportunities. Alongside sustainability initiatives, the new program include transitioning to a circular economy and harnessing the potential of ammonia and hydrogen for achieving net-zero emissions . From delving into next-generation refinery strategies , to operational excellence and burgeoning market growth opportunities across Asia , the program sets a course for innovation and sustainable progress in the downstream sector.
Ammonia & Carbon Capture Asia (ACCA) Dive into the latest advancements in ammonia production , hydrogen utilisation , and carbon capture technologies at this year’s Ammonia and Carbon Capture Asia (ACCA) conference. Focused on cutting-edge advancements, ACCA supports Singapore's downstream evolution and carbon management strategies while aligning with global sustainability goals . Expanded Attendee Profile Connect with professionals from diverse backgrounds, including CCUS & Ammonia , and more, reflecting the expanding scope of the energy transition landscape.
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