A carbon dioxide (CO2) capture and storage value chain between Japan and Australia is to be studied by Mitsui OSK Lines (MOL) and JX Nippon Oil & Gas Exploration Corp. after both companies signed an MOU.
The agreement focuses on capturing CO2 emitted from ENEOS refinery and nearby various industries in Japan, transporting it by CO2 carrier to the Port of Bonython in Australia, and injecting and storing it at the selected storage site.
MOL and JX will jointly conduct studies to select a liquefied CO2 carrier suitable for conditions at ports in Japan and Australia and the expected CO2 transport distance and volume, and estimation of marine transport costs, as well as estimate the cost of the entire CCS value chain between both countries.
Through the MoU, MOL and JX will accelerate their initiatives to build a CCS value chain and contribute to the realisation of a carbon-neutral society, according to a statement.
... to continue reading you must be subscribed
