Trio team up for Asia-Pacific's first floating CCS hub
Australia's DeepC Store, France's Technip Energies and Japan's Mitsui O.S.K. Lines have teamed up to develop the first floating offshore carbon capture and storage (CCS) hub in the Asia-Pacific region, off the coast of northwest Australia, they said on September 13.
The CStore1 project will inject between 1.5 and 7.5mn metric tons/year of CO2 into storage that has been received from industrial sources in Australia and potentially elsewhere in the Asia-Pacific region. The three companies have signed a letter of intent on engineering, procurement and construction work on the facility.
Technip Energies will deploy its offshore C-Hub technology, while Mitsui will provide operation and maintenance services. DeepC serves as project developer.
DeepC chairman Jack Sato said the hub would be key for "unlocking a range of remote offshore CO2 injection sites," adding the letter of intent "ensures technical confidence to develop CStore1 as the first offshore floating CCS hub project in the Asia-Pacific region."