K Line Energy Shipping and Havstjerne ANS sign MoU on CO₂ storage solutions

K Line Energy Shipping (UK) Limited (KLES), a London-based subsidiary of Kawasaki Kisen Kaisha (K Line), has signed a memorandum of understanding (MoU) with Havstjerne ANS (HANS), a partnership between Harbour Energy Norge and Stella Maris CCS, a subsidiary of Yinson Production.

The agreement sets out cooperation on developing transportation, injection, and storage solutions for the Havstjerne CO₂ storage licence on the Norwegian Continental Shelf. The companies will work together to mature technical and commercial models for a marine-based CO₂ value chain built around a floating storage and injection unit (FSIU) and liquefied CO₂ carriers.

According to the partners, the initiative aims to combine expertise in liquefied CO₂ transport, injection, and subsurface storage to offer a complete transport and storage service for emitters connected to the Havstjerne value chain. Offshore sequestration is widely considered a safe method for storing large volumes of CO₂, while FSIUs are positioned as practical alternatives in areas where onshore terminals are not viable or where pipeline connections to offshore sites are challenging.

The Havstjerne licence is located in the Norwegian sector of the North Sea, about 100 km southwest of Egersund, and close to major Northern European ports. Harbour Energy holds a 60 percent operating stake, while Stella Maris CCS owns the remaining 40 percent. Yinson Production, the parent company of Stella Maris CCS, operates a fleet of floating production, storage, and offloading (FPSO) and floating storage and offloading (FSO) vessels. Since 2021, it has expanded into the carbon value chain through investments in carbon capture technologies.