Navigator Holdings Ltd. and Bumi Armada Berhad have signed a deal to form a 50-50 joint venture－Bluestreak CO2 Joint Venture－to provide transport services for carbon emissions capture and storage in the United Kingdom.
The joint venture will “design and implement a value chain of shuttle tankers delivering to a floating carbon storage & injection unit”, said a statement on Bursa Malaysia by Bumi Armada and its New York-listed partner announcing the non-binding agreement.
