Japanese companies Inpex and JERA have initiated a joint study to evaluate the potential of a Japan-Australia CCS value chain.
This collaboration aims to explore the viability of capturing CO₂ emissions in Japan and securely storing them in Australia.
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By GlobalDataINPEX and JERA will cover the entire CCS value chain, including separation technologies, transport methods, and the conditions required for shipping and receiving CO₂.
INPEX brings to the table its expertise in CCS technologies and business development.
In 2022, INPEX, alongside TotalEnergies CCS Australia and Woodside Energy, was granted a greenhouse gas storage assessment permit in Australia’s Bonaparte Basin.
With JERA, INPEX hopes to contribute to the development of a worldwide CCS value chain and the shift towards decarbonisation.
JERA’s participation is driven by its interest in capturing carbon from its operations in Japan and seeking storage solutions abroad, particularly in regions with large storage capacity potential.
Last month, JERA formed a partnership with Petronas CCS Solutions, a unit of Malaysian oil and gas company Petronas, to assess a CCS value chain, which involves capturing CO₂ in Japan for storage in Malaysia.
In March last year, JERA signed an agreement with Chevron New Energies, a division of Chevron USA, to explore CCS collaborations in the US and Australia.
JERA is aiming to attain net-zero CO₂ emissions from its domestic and international operations by 2050 under the JERA Zero CO2 Emissions 2050 initiative.
In March this year, JERA partnered with US oil and gas company ExxonMobil to assess the development of a low-carbon hydrogen and ammonia plant in the US.
