Japanese steel manufacturer Nippon Steel will collaborate with carbon capture and storage (CCS) project developer deepC Store (deepC) to study the commercial potential for carbon capture, transport and storage of liquefied carbon dioxide (LCO2).
Announced today (14th February), this evaluation will focus on the feasibility of deepC to capture and transport between one and five million tonnes per annum of LCO2 from Nippon Steel’s industrial processes to deepC’s flagship offshore floating CCS hub project, CStore1.
The agreement will see Nippon Steel and deepC (along with partners) considering related technical conditions and also the key commercial terms involved in the capture and transport of LCO2.
Calling CCS an ‘essential method’ for realising carbon neutrality, Hideo Suzuki, Managing Executive Officer, Nippon Steel, said, “By conducting the joint study with deepC Store based on their unique large-scale offshore floating CCS hub technology, we look forward to enhancing our knowledge on CCS and enabling a breakthrough for conducting CCS.”
deepC’s CStore1 project aims to capture between 1.5m and 7.5m tonnes per annum of CO2 from industrial sources in Australia and the Asia-Pacific (APAC) region, in addition to shipping LCO2 from capture sites to a CO2 floating storage and injection hub facility in offshore Australia before being injected into a subsurface storage complex.
“This joint study demonstrates our ongoing commitment to establish CStore1 as the first offshore floating CCS hub project in the APAC region, and to advance Australia and Japan’s strategic position in the CCS business,” said Jack Sato, Chairman, deepC.