Press release
KNCC Secures Approval in Principle from Lloyd’s Register for Elevated Pressure LCO₂ Cargo System
Milano, Gastech 2025 — Knutsen NYK Carbon Carriers (KNCC) is proud to announce that Lloyd’s Register (LR) has awarded Approval in Principle (AiP) for its innovative Elevated Pressure Liquefied Carbon Dioxide (LCO₂-EP) cargo containment system. This milestone underscores KNCC’s commitment to advancing safe, efficient, and commercially viable solutions for maritime CO₂ transport.
The LCO₂-EP system is engineered to carry liquefied CO₂ at elevated pressures, significantly reducing the design needs for cryogenic temperatures. This breakthrough simplifies containment requirements and enables greater flexibility in vessel design—offering the CCS industry a more adaptable and cost-effective pathway to realize CCS projects.
The AiP follows a comprehensive design review conducted by Lloyd’s Register as part of a joint development project. LR’s technical expertise and guidance were instrumental in refining the system toward commercial readiness.
Oliver Hagen-Smith, CEO of KNCC, commented:
“Receiving Approval in Principle from Lloyd’s Register marks a pivotal achievement in our journey to deliver scalable and sustainable carbon transport solutions. This recognition validates our engineering approach and strengthens our position at the forefront of maritime decarbonisation. We deeply value our collaboration with Lloyd’s Register and look forward to continued innovation together.”
Panos Mitrou, LR's Global Gas Segment Director, commented:
“We are pleased to grant Approval in Principle to KNCC’s Elevated Pressure system, recognising it as a safe, practical technology that can support the maritime LCO₂ sector and aid decarbonisation goals set by the IMO and UN.”
About Lloyd’s Register:
Lloyd’s Register (LR) is a global professional services group specialising in marine engineering, technology and digital solutions. We were created more than 260 years ago as the world’s first marine classification society to improve and set standards for the safety of ships.
Today we are a leading provider of classification and compliance services to the marine and offshore industries, helping our clients design, construct and operate their assets to accepted levels of safety and environmental compliance.
Our digital solutions are relied upon by more than 30,000 vessels, following the acquisition of OneOcean in 2022 and Ocean Technologies Group in 2024.
In the race to zero emissions, our research, advisory and technical expertise and industry-firsts are supporting a safe, sustainable maritime energy transition.
Lloyd’s Register Group is wholly owned by the Lloyd’s Register Foundation, a politically and financially independent global charity that promotes safety and education.
For media enquiries contact:
Glenn Harris
Media Relations Lead
Lloyd’s Register
E : glenn.harris@lr.org
T: 07809 757 779
About KNCC:
KNCC is a joint venture owned by the Knutsen Group and the NYK Line specializing in the marine transportation and storage of LCO2. KNCC offers all three-transportation modes for LCO2, EP, MP (medium pressure), and LP (low pressure).
For media enquiries contact:
Tomoki “Tom” Matsuo
Commercial Project Manager
Knutsen NYK Carbon Carriers AS
E : tma@kn-cc.com
