![]() ![]() Woodside executive vice president Shaun Gregory said the MoU reflected the demand for large-scale and near-term decarbonisation solutions. Woodside for its part will conduct the study of injection and storage of the CO 2 at Australian storage sites. The Japanese government has set a goal of reducing overall greenhouse gas emissions to net zero by 2050 and implemented a policy to develop a business environment to initiate CCS projects by 2030 in its ‘Basic Policy for the Realization of GX’. The four companies aim to work together to assess the commercial viability of the CCS business." ![]() "In addition to the technical requirements, we will assess the relevant regulatory frameworks and the costs in each segment of the CCS value chain. “Through this study, we will estimate the amount of CO 2 to be captured, examine the optimal CO 2 capture, accumulation and transportation methods, estimate the amount of CO 2 that can be stored at storage sites in Australia, and evaluate the necessary storage technologies and monitoring systems,” Sumitomo said in a statement. The carbon dioxide would then be liquefied by using such technology as CO 2 separation and capture using unutilised liquefied natural gas cryogenic energy being developed by Toho Gas and then transported to Australia by a low-temperature, low-pressure liquefied CO 2 carrier for injection/storage at Australian storage site. Sumitomo said the study would investigate the feasibility of establishing an entire CCS value chain among the four companies, whereby CO 2 emissions from various industries and companies in the Chubu region are hoped to be captured/accumulated. Under the MoU, Sumitomo Corporation, Toho Gas and Kawasaki Kisen Kaisha (K Line) will study the capture, storage and transportation of carbon dioxide emissions by industry in the Chubu region of Japan. Australia’s Woodside Energy has signed a non-binding memorandum of understanding (MOU) with three Japanese companies to enable studies of a potential carbon, capture and storage (CCS) value chain between Japan and Australia.
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