Japan Organization for Metals and Energy Security (JOGMEC) and INPEX CORPORATION (INPEX) will evaluate the potential of the Bonaparte Basin to become a world-scale, carbon storage location.
he joint research between JOGMEC and INPEX will support INPEX as it assesses the feasibility of using GHG Permit G-7-AP1 for long-term geological storage of CO2.
INPEX is the Operator for the Bonaparte CCS JV and is working with its joint venture partners to assess the potential for CCS in the permit.
Success in this venture will provide for storage of CO2 from the Ichthys Project and support the realization of the Darwin-based, low-emissions carbon dioxide capture, utilization and storage (CCUS) Hub2 as proposed by the Northern Territory Government.
Through their joint research, JOGMEC and INPEX will continue to promote technical development contributing to the reduction of GHG through CCS activities while helping reduce GHG emissions in Australia toward the realization of a net zero carbon society by 2050, a common goal shared by the governments of Japan and Australia.
The parties will also continue to fulfill their responsibilities for the development and stable supply of energy.