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Inpex teams up for Australia carbon capture hub

GO NET ZERO ENERGY

Inpex teams up for Australia carbon capture hub

Japan’s Inpex is teaming up with the Northern Territory government to establish a multi-user carbon capture and storage (CCS) hub in the Australian state. - UpstreamOnline

Inpex has signed a statement of commitment to a net zero emissions future with the government of the Northern Territory — where its Ichthys liquefied natural gas project’s onshore liquefaction plant is located — with the objective of transitioning to a net zero emissions future and establishing new economic and social developments “within a competitive environment”.

The parties are set to negotiate on five business targets:

  • Increasing LNG production capacity and expanding the onshore production facilities at Bladin Point near the state capital Darwin;
  • Creating the CCS hub at the Middle Arm Sustainable Development Precinct — a hub covering approximately 1500 hectares proposed by the NT government to enhance low-carbon industries and economic growth, which includes Bladin Point;
  • Establishing renewable energy targets, technology, and electrification as well as nature-based solutions to support a net zero society by 2050;
  • Increasing a stable and clean energy supply and security for the Asia-Oceania region and strengthen; and
  • Increasing local skills development, and service and supply capabilities by supporting Territory businesses and people.

Rich in vitality, creativity and diversity, and capable of sustainable development by maintaining a stable energy supply based on thoroughly making its oil and gas business cleaner. We will proactively engage in energy structure reforms towards the realisation of a net zero carbon society while fulfilling its responsibilities for the stable development and supply of energy.

Inpex said that it aims to be a company

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