JERA and INPEX are to carry out feasibility studies on capturing carbon dioxide (CO2) emitted by the former in Japan and transporting it to Australia for underground storage.
INPEX has expertise in CCUS technologies and business development, including the Ichthys LNG project. The study will also analyse transport methods and shipping/receiving conditions.
It’s the latest in a growing number of collaborations as Australasia steps up its CCUS activity.
Today’s news follows Mitsubishi Heavy Industries (MHI) and Chiyoda Corporation announcing they are teaming up to develop carbon dioxide (CO2) capture projects in Japan earlier in the week.
Under that strategic collaboration, MHI will grant Chiyoda the license of KM CDR Process™ and Advanced KM CDR Process™, a capture technology jointly developed by MHI and The Kansai Electric Power Co.
The partnership, which builds on EPC activity and strengthens Chiyoda’s CCUS project profile, will help tackle decarbonisation across a wide range of industries.
MHI Group, targeting carbon neutrality by 2040, is working strategically to reduce emissions across the energy demand and supply sides.
The group will continue to promote its CCUS business worldwide, applying its proprietary CO2 capture technologies. It has delivered 16 plants adopting the KM CDR Process™, and two more are currently under construction.
Source: MHI
The Advanced KM CDR Process™ adopts the KS-21™ solvent, which incorporates technological improvements over the amine-based KS-1™ adopted at all 16 of the commercial CO2 capture plants delivered to date.
The advanced version offers ‘superior regeneration efficiency’ and lower deterioration than the KS-1™, resulting in energy savings, reduced operation costs, and low amine emissions.
As of May 2024, the company has delivered 16 plants adopting the KM CDR Process™, and two more are currently under construction.
Chiyoda, Nippon Yusen Kabushiki Kaisha (NYK) and affiliate Knutsen NYK Carbon Carriers recently conducted a joint study to evaluate and verify the feasibility of a CCUS value chain, including liquefaction, temporary storage and marine transport of CO2 under low, middle and elevated pressures.
MHI’s order intake rose 48.5% year-over-year to ¥6,684bn in the fiscal year ending March 31. Revenue increased 10.8% to ¥4,657.1bn, resulting in profit from business activities (business profit) of ¥282.5bn, a 46.1% increase over the previous fiscal year, representing a margin of 6.1%. Energy systems drove growth with a 56.4% increase.
