Bumi Armada Berhad (Bumi Armada), one of the world’s largest floating infrastructure operators, has announced the signing of a non-binding memorandum of understanding (MoU) with Navigator Holdings Ltd. (Navigator), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, to establish a joint venture company to provide carbon dioxide (CO2) shipping and injection solutions in the United Kingdom (UK). The joint venture, to be owned 50 per cent by Bumi Armada and 50 per cent by Navigator, aims to provide an end-to-end solution for carbon emitters to capture, transport, sequester and store their carbon dioxide emissions in line with the UK's Industrial Decarbonisation Strategy.

Source: New Straits Times