Japan’s J-Power has entered into a joint study agreement with Australian offshore carbon capture developers deepC Store and Azuli International for commercial-scale Australian sequestration opportunity for CO2 volumes from Japan and Australia as well as the surrounding region.
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deepC Store and Azuli have been awarded two GHG acreages in waters off the coast of Australia. J-POWER intends to become a joint venture participant in the GHG Acreages, which have the potential to permanently store up to 1 billion tonnes of CO2.
J-Power executive officer Akira Yabumoto said, “We are excited to work with deepC Store and Azuli on CCS development.
“We expect that this development will contribute providing a valuable option to Japan and Australia as well as the surrounding region to reduce CO2.
“CCS will play a critical role in J-Power’s Blue Mission 2050, as well as global energy transitions. We will continue pursuing opportunities for CCS development and carbon reduction with CCS.”
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Carbon capture and storage (CCS) involves capturing, transporting and storing greenhouse gas emissions from fossil fuel power stations, energy intensive industries, and gas fields by injecting the captured greenhouse gases back into the ground.
