Transborders Energy recently announced that it has executed Joint Study Agreements with JX Nippon Oil & Gas Exploration Corporation and Toho Gas Co. Ltd. to co-develop deepC Store. (Photo quoted from the news release)

DeepC Store will consist of capturing CO2 from industrial sources in Australia and the Asia-Pacific region, shipping of liquid CO2 from capture sites to a CO2 Floating Storage and Injection (FSI) hub facility in offshore Australia, and a CO2 injection well for storage in a subsurface storage complex in close proximity to the FSI hub facility.

Transborders Energy has signed separate Joint Study Agreements with JX NOEX and Toho Gas, with both parties bringing significant experience and expertise to develop deepC Store including those as potential CO2 suppliers and prospective investors for deepC Store.

Through the Joint Study Agreements, Transborders will collaborate with JX NOEX and Toho Gas to perform the following activities with the existing partners Commonwealth Scientific and Industrial Research Organisation (CSIRO), Kyushu Electric Power, Mitsui O.S.K. Lines, Osaka Gas and Osaka Gas Australia, Tokyo Gas Australia, Technip Energies and Add Energy Group:

Conduct technical Pre-FEED for deepC Store;

Evaluate and select deepC Store’s CO2 injection site; and

Pre-negotiate key commercial terms that would enable deepC Store including arrangements for CO2 supply, deepC Store EPC, operations and financing.

The goals of the deepC Store align with the Australian government’s Low Emissions Technology Statement (LETS), with carbon capture and storage being identified as one of the five priority technologies to reduce emissions from energy, transport, agriculture and heavy industry.

(IRuniverse)