Perth-based Transborders Energy has executed joint study agreements with Japanese firms JX Nippon Oil & Gas Exploration Corporation (JX NOEX) and Toho Gas to co-develop deepC Store, a project that will capture and store CO₂ offshore Australia, it said on June 15.  

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 CO₂ floating storage and injection (FSI) hub facility in offshore Australia, and a CO₂ injection well for storage in a subsurface complex in close proximity to the FSI hub facility.  

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Through the joint study agreements, Transborders will collaborate with JX NOEX and Toho Gas to conduct technical pre-Feed for deepC Store, evaluate and select the injection site and pre-negotiate key commercial terms that would enable deepC Store including arrangements for CO₂ supply, EPC, operations and financing. 

These activities will be done with the existing partners Commonwealth Scientific and Industrial Research Organisation, Kyushu Electric Power, Mitsui OSK Lines, Osaka Gas and Osaka Gas Australia, Tokyo Gas Australia, Technip Energies and Add Energy Group, Transboarders said.