JERA & INPEX Carrying Out Study for Building an Australia–Japan CCS

Source: www.gulfoilandgas.com 5/10/2024, Location: Asia

JERA Co., Inc. (“JERA”) and INPEX CORPORATION (“INPEX”) recently signed an agreement to carry out a preliminary joint study concerning the feasibility of separating and capturing CO2 emitted by JERA in Japan and transporting it to Australia for storage.

In working to achieve carbon neutrality, carbon capture and storage (CCS) techniques that store CO2 underground are indispensable for industries in which it is difficult to reduce CO2 emissions. With many governments providing active support, CCS projects are being planned in the Asia-Pacific region and around the world.

Australia is bolstering its efforts to reduce CO2 emissions and moving forward to foster a business environment that encourages CCS projects that take advantage of its abundance of sites suitable for underground CO2 storage and facilitates the receipt of CO2 from outside the country.

Under the agreement, JERA and INPEX will jointly examine project feasibility across the entire value chain, from the separation and capture of CO2 emitted by JERA in Japan to its transportation between the two countries—including transport methods and shipping/receiving conditions—and its underground storage in Australia.

INPEX has expertise in technologies and business development concerning CCS, which is considered as an effective means of reducing CO2 emissions from multiple projects in Australia including the Ichthys LNG Project which is operated by INPEX. JERA believes that this joint study with INPEX will contribute to building a global CCS value chain for the cross-border transportation and storage of CO2 and, through the use of CCS, to advancing the transition to a decarbonized society.

Under “JERA Zero CO2 Emissions 2050,” JERA has been working to achieve net-zero CO2 emissions from its domestic and overseas businesses by 2050. To promote CCS projects, we are accelerating our evaluation of CO2 capture and storage technologies and related economic considerations.


China >>  7/12/2024 - XCMG Machinery (SHE: 000425, "XCMG") has secured the 63rd position in the "China's 500 Most Valuable Brands 2024" by World Brand Lab, with a brand val...
China >>  7/12/2024 - A news report by China.org.cn on Hefei National High-Tech Industry Development Zone:
Lush mountains and lucid waters consist of a captivating lan...


Egypt >>  7/11/2024 - Minister of Petroleum and Mineral Resources Karim Badawy stressed that safety is very important and working to constantly improve it is a priority. Mi...
United States >>  7/11/2024 - FMC Corporation, a leading global agricultural sciences company, today announced it has signed a definitive agreement to sell its Global Specialty Sol...

Indonesia >>  7/10/2024 - PT Kilang Pertamina Internasional (KPI), a subsidiary of Pertamina's Refinery & Petrochemical Sub-holding, continues to progress in completing the “Gr...
United States >>  7/9/2024 - Albireo Energy, a leading independent building controls and energy services provider and Huron Capital portfolio company, announced the publication of...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.