Provaris Energy Ltd. has achieved a key technical milestone in its bid to commercialise global carbon capture and storage (CCS) supply chains, completing the front-end engineering design (FEED) for its proprietary carbon dioxide transport tank.
The detailed engineering package for the low-pressure YP-Provaris liquefied carbon dioxide tank has been submitted to DNV. The submission marks a step toward securing a General Approval for Ship Application (GASA), with DNV’s formal design review targeted for completion in August .
Engineered in partnership with Yinson Production, the massive 25,000-cubic-metre tank is designed to shatter the limitations of existing storage solutions, which typically cap out at just 7,000 cubic metres.
By utilising a proprietary sandwich structural design that acts as a Type C equivalent maritime tank, the technology eliminates the need for a secondary containment barrier, drastically lowering transport costs per tonne.
Provaris CTO Per Roed said the depth of the engineering package goes well beyond a standard initial approval, providing the maritime sector with immediate commercial confidence.
“The package completed for the YP-Provaris LCO2 tank gives shipowners, shipyards and CCS project participants greater confidence in the maturity, safety basis and practical application of our low-pressure LCO2 containment solution,” Roed said.
The final phase of the FEED program is now underway at Provaris’ specialised robotics facility in Norway.
This stage involves rigorous material and laser-welding procedure testing to validate the tank’s structural fatigue models, ahead of integration into Yinson’s offshore storage and carrier designs.
The commercial breakthrough arrives at a turning point for the sector. With global CCS investment forecast by DNV to approach US$80 billion (AU$120 billion) by 2030, maritime infrastructure is emerging as the vital backbone for cross-border carbon storage.
Large-scale CCS supply chains will require material expansion in marine transport and offshore storage infrastructure over the coming decade.
To prepare for execution, Provaris and Yinson are currently advancing plans to establish a joint venture company to monetise the technology through global licensing fees.
