Japanese steel giant Nippon Steel & deepC Store Limited have executed a Joint Study Agreement regarding capturing and transporting liquefied CO2 to deepC Store’s flagship offshore floating CO2 Capture and Storage hub project CStore. The agreement provides for the evaluation of the commercial feasibility for deepC Store to capture and transport between 1-5 million tonnes per annum of liquefied CO2 from Nippon Steel as a supply source for CStore. Through this agreement, deepC Store and its partners will collaborate with Nippon Steel to perform the following activities1. Consider the technical conditions of the liquefied CO2 to be captured and transported from Nippon Steel’s steelworks to CStore2. Negotiate the key commercial terms to capture and transport liquefied CO2 from Nippon teel’s steelworks to CStore deepC Store is a CCS project developer that specialises in developing multiple CCS projects and generating material quantities of carbon credits. deepC Store’s flagship CStore project consists of capturing between 1.5 & 7.5 million tonnes per annum of CO2 from industrial sources in Australia and the Asia-Pacific region, shipping of liquid CO2 from capture sites to a CO2 Floating Storage and Injection hub facility in offshore Australia, and injecting CO2 in a subsurface storage complex near the FSI hub facility. deepC Store’s existing partners are Add Energy Group, Commonwealth Scientific and Industrial Research Organisation, JX Nippon Oil and Gas Exploration Corporation, Kyushu Electric Power, Mitsui OSK Lines, Osaka Gas and Osaka Gas Australia, Technip Energies and Toho Gas.
Japanese steel giant Nippon Steel & deepC Store Limited have executed a Joint Study Agreement regarding capturing and transporting liquefied CO2 to deepC Store’s flagship offshore floating CO2 Capture and Storage hub project CStore. The agreement provides for the evaluation of the commercial feasibility for deepC Store to capture and transport between 1-5 million tonnes per annum of liquefied CO2 from Nippon Steel as a supply source for CStore. Through this agreement, deepC Store and its partners will collaborate with Nippon Steel to perform the following activities1. Consider the technical conditions of the liquefied CO2 to be captured and transported from Nippon Steel’s steelworks to CStore2. Negotiate the key commercial terms to capture and transport liquefied CO2 from Nippon teel’s steelworks to CStore deepC Store is a CCS project developer that specialises in developing multiple CCS projects and generating material quantities of carbon credits. deepC Store’s flagship CStore project consists of capturing between 1.5 & 7.5 million tonnes per annum of CO2 from industrial sources in Australia and the Asia-Pacific region, shipping of liquid CO2 from capture sites to a CO2 Floating Storage and Injection hub facility in offshore Australia, and injecting CO2 in a subsurface storage complex near the FSI hub facility. deepC Store’s existing partners are Add Energy Group, Commonwealth Scientific and Industrial Research Organisation, JX Nippon Oil and Gas Exploration Corporation, Kyushu Electric Power, Mitsui OSK Lines, Osaka Gas and Osaka Gas Australia, Technip Energies and Toho Gas.
