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Company wants to capture, store, ship and dispose CO2

Maersk Pushes Shipping's Green Frontier
William B. Cassidy | 11:41AM GMT

Cap and trade carbon dioxide if you like, but A.P. Moller-Maersk wants to ship it.

If the European Union gives its nod, the world's largest shipping line plans to transport CO2 in tankers to the North Sea and bury it deep in depleted oil and gas fields. It's part of a joint venture with two Finnish energy companies that could lead to a whole new line of business for Maersk.

CO2 already moves through pipelines, but Maersk officials say this would be the first attempt to ship CO2 aboard vessels. The goal is to capture, transport and store more than 1.2 million tons of the greenhouse gas per year, starting in 2015.

Here’s how the plan would work: Maersk and its partners, Teollisuuden Voima and Fortum, capture the CO2 at the Meri-Pori coal-fired power plant on Finland’s west coast, transport it on Maersk tankers through the Baltic to the North Sea, where it is injected into the depleted energy wells.

Maersk will also look into injecting CO2 into existing oil wells to enhance oil recovery — bringing that CO2 full cycle, in a way.

"Shipping CO2 in tanker vessels is a cost efficient and flexible way to get CO2 from power plants to offshore storage sites, which makes it a suitable solution for large CO2 emission sources such as coal-fired power plants,” said Søren Skou, CEO of Maersk Tankers.

The project, announced today, would require EU approval and specialized ships. Maersk already has the blueprints. See this press release on Maersk's Web site for more detail.

Contact William B. Cassidy at wcassidy@joc.com.

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Why does this need EU

Why does this need EU approval? Is that a euphemism for EU subsidy?

Gee, I wonder how much in expropriated wealth he'll get.

Great plan. I can hear the sucking noise as the wealth gets sucked right out of everyone else's wallets, purses, bank accounts, investments, and the like and gets deposited into his. After the government takes their cut, of course.

Now please, someone do come along and tell me how a few more laws written by just the right people will solve this problem. I need some entertainment.

Pump CO2 into the ground?

This is another joke, right? There are wells pulling millions of tons of CO2 out of the ground all around the world. There is a huge one (at least one) right here in Colorado. When are these people going to stop being stupid?

Time to bring back . . . . .

The ole, "Beam Me Up Scotty, there's no intelligent life down here" line.

I just wonder how there gonna hold all the emissions the ships gonna put out on it's voyage to dump? What's it put out, 100 times what it holding?

Gotta be a joke right? These daze I doubt it.

Because: Some animals are more equal than other animals. -Animal Farm-

What the? > http://www.youtube.com/watch?v=6MTIwY3_-ks

They're talking about carbon

They're talking about carbon sequestration. Check it out on Wikipedia.