Nippon Steel, deepC Store plans CCS project in Australia
SUMMARY
The companies will capture and transport liquefied CO2 to a floating carbon capture and storage (CCS) hub project off Australia.
By Shardul SharmaPOSTED IN:
Nippon Steel and deepC Store have executed a joint study agreement regarding capturing and transporting liquefied CO2 to the latter’s flagship floating carbon capture and storage (CCS) hub project (CStore1) off Australia, they said on February 14.
deepC Store’s existing partners are Add Energy Group, Commonwealth Scientific and Industrial Research Organisation, JX Nippon Oil and Gas Exploration Corp, Kyushu Electric Power, Mitsui OSK Lines, Osaka Gas and Osaka Gas Australia, Technip Energies and Toho Gas.
Through this agreement, deepC Store and its partners will collaborate with Nippon Steel to consider the technical conditions of the liquefied CO2 to be captured and transported from NSC’s steelworks to CStore1 and negotiate the key commercial terms to capture and transport liquefied CO2 from NSC’s steelworks to CStore1.
deepC Store specialises in developing multiple CCS projects and generating material quantities of carbon credits. CStore1 project consists of capturing between 1.5mn and 7.5mn metric tons/year of CO2 from industrial sources in Australia and the Asia-Pacific region, shipping the liquid CO2 from capture sites to a floating storage and injection hub facility in offshore Australia, and injecting CO2 into a subsurface storage complex near the hub facility.
