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Japan's Chubu Electric Power is exploring the export of carbon dioxide (CO2) to Australia for carbon capture and storage (CCS) initiatives. On October 21, 2024, Chubu signed an agreement with Inpex's subsidiary to investigate establishing a CCS value chain that includes capturing CO2 in Japan and transporting it to Western Australia's Bonaparte basin.
This effort aims to support decarbonization around Nagoya port, which is a significant industrial hub. Further details regarding the timeline and export volumes are still under discussion, as Chubu seeks to enhance its CCS capabilities both domestically and internationally.
Citations:
[1] https://www.argusmedia.com/en/news-and-insights/latest-market-news/2620110-japan-s-chubu-eyes-exporting-co2-to-australia-for-ccs
[2] https://english.kyodonews.net/news/2024/04/d1e047efe42b-japan-firms-plans-for-co2-export-storage-in-southeast-asia-on-rise.html
[3] https://www.power-technology.com/news/japan-to-engage-ccs-project-with-countries-in-southeast-asia/
[4] https://www.offshore-energy.biz/japanese-players-and-woodside-energy-join-forces-for-co2-capture-and-storage-feasibility-study/
[5] https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/coal/061323-japan-selects-first-seven-ccs-projects-to-store-13-mil-mtyear-co2-by-2030
[6] https://www.sumitomocorp.com/en/easia/news/topics/2023/group/20230907_2
[7] https://carbonherald.com/japan-selects-nine-carbon-capture-projects-for-development/
[8] https://www.cbi.eu/market-information/fresh-fruit-vegetables/table-grapes/market-potential
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