Joint bid for a Greenhouse Gas Storage Acreage Release Area in Australia

deepC Store Limited (dCS: Chairman Jack Sato) and JX Nippon Oil & Gas Exploration Corporation (JX NOEX: President and CEO, Hiroshi Hosoi) submitted a joint bid for a Greenhouse Gas Assessment Permit for a Greenhouse Gas Storage Acreage Release Area in offshore Australia.

The Greenhouse Gas Storage Acreage Release Area located in Commonwealth waters offshore Australia is considered a suitable site for Carbon Dioxide CO2 storage, which is planned to be captured from industrial sources in Australia, Japan and the Asia-Pacific region, shipped as liquid CO2 from capture sites to CO2 Floating Storage and Injection (“FSI”) hub facility, and injected through wells for storage in a subsurface storage complex in close proximity to the FSI hub facility.

dCS Chairman Jack Sato said, “we are very pleased to move from study phase to action phase with one of our CStore1 partners JX NOEX.  Following on from our agreement with Nippon Steel Corporation※, we are committed to accelerate the development of CStore1 and advance Australia and Japan’s strategic alliance in the CCS business.”

For the media release on this matter by JX NOEX, see link.

For further detail please contact Daein Cha at getintouch@deepcstore.com.

※For detail on our agreement with Nippon Steel Corporation, see link.