China delivered the world's first commercial liquefied carbon dioxide (CO2) transport ship to its client at a port in Dalian City of northeast China's Liaoning Province on Friday.
The ship was built by Dalian Shipbuilding Industry Co.Ltd.
The ship is 130 meters long and 21 meters wide, and has cargo tanks with a capacity of 7,500 cubic meters. Powered by LNG dual-fuel technology, it could meet the strictest global energy efficiency standards.
"This ship is the first of its kind in the world. The CO2 cargo tanks are made with newly developed steel plate materials. This is our first design and building of a CO2 liquid cargo system, and equipped with many energy-saving and environmentally friendly designs. These factors significantly increased the difficulty of shipbuilding, while also opening a new path in the carbon transport industry," said Gai Yong, manager of the ship project at Dalian Shipbuilding Industry Co. Ltd.
The ship will serve Norway's world-first large-scale commercial liquefied CO2 subsea storage project, according to Gai.
CO2 emissions from European industries will be collected and transported by the ship to a CO2 receiving terminal on Norway’s west coast, where the gas will be processed and injected 2,600 meters underground into the ocean for permanent storage.
As the world's first ship dedicated to marine carbon transport and storage, this vessel will play a pioneering role in addressing global CO2 emissions from land-based sources.
China delivers world's first commercial liquefied CO2 transport ship
China's development blueprint for the 2026-2030 period will create strong market opportunities for industries worldwide, said Judy Marks, president and CEO of American elevator maker Otis, in Beijing on Sunday. The China Development Forum 2026 began on Sunday in Beijing. With the theme of "China in Its 15th Five-Year Plan Period: Advancing High-Quality Development and Creating New Opportunities Together," the two-day event is bringing together global officials, industry leaders, and experts for 13 thematic sessions and a series of closed-door discussions, covering topics including new trends in consumption growth, green and low-carbon transition, the development of future industries, and the industrial application of artificial intelligence (AI).
In an interview with China Global Television Network (CGTN) on the sidelines of the event, Marks shared her insights on the significant role of China's research capabilities and market environment for the global economy.
She said that Otis's research and development center in China, leveraging local resources, is well-positioned to advance its innovation strategy.
"So I would tell you to us in China, it's an innovation hub and an agility engine. And, that really describes China for us. We do work in China for China, but we also do both manufacturing and development and research for the rest of the world. And China, in Shanghai, has our largest development team of anywhere in the world. It makes us go faster. It's AI and digital driven -- and it really allows us to set the benchmark," said Marks.
She said that China is advancing rapidly in areas including smart cities and digital infrastructure, developments that will bring new opportunities and shape the future of the global elevator industry.
"Now to us, the world is digital and connected. They're the two highest priorities we have. If an elevator is part of an ecosystem in the building, we can share information with transportation systems, with energy systems. As China pursues even more of a low carbon world, our elevators actually push power back into the building and capture power when they break with our regenerative drives," she said.
Speaking of China's recently-approved 15th Five-Year Plan (2026-2030), aimed at expanding high-level opening up and driving high-quality development, Marks described it as highly encouraging for multinational companies.
"I would tell you everything we see in the 15th Five-Year Plan is encouraging: high-quality development, which is a commitment from the government and the whole ecosystem to serve its citizens, digitalization, urban renewal -- all of this combines. It's created a large market for a company like Otis. It's where we're going to invest, and it's in sync with our strategy and our mission," she said.
China's development blueprint brings opportunities to global industries: Otis CEO
