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    Worker looses life in incident on Woodside’s North Rankin Complex

    Worker looses life in incident on Woodside’s North Rankin Complex

    EU proposes new measures for safe and green shipping

    EU proposes new measures for safe and green shipping

    UK MAIB

    Lessons learned: Never leave the scene of a collision until everything is under control

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

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    Book Review: A role model for ship managers

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    Contemplation: Directing the mind towards what’s important

    power of hug

    The power of hugging: How it affects our health

    Impostor Syndrome

    Mental Health Focus: How to deal with Impostor Syndrome

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    Grimaldi orders two new ammonia ready car carriers

    Grimaldi orders two new ammonia ready car carriers

    MT NORE METHANOL BUNKERING BUNKER ONE

    Bunker One launches methanol-ready bunker tanker

    Smart Green Shipping and NTS join Winds of Change

    Smart Green Shipping and NTS join Winds of Change

    Maersk: Electricity availability limits e-fuels in the maritime industry

    Maersk: Electricity availability limits e-fuels in the maritime industry

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    ONE orders 10 vessels ready for methanol and ammonia

    ONE joins GSBN in paperless trade

    Kongsberg completes autonomous operation of coastal vessel

    Kongsberg completes autonomous operation of coastal vessel

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    IMO Sub-Committee considers introduction of VDES into SOLAS

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    IMO and South Korea sign agreement for gender equality in developing countries

    IMO and South Korea sign agreement for gender equality in developing countries

    BIMCO Q2 2023: Dry bulk market outlook

    BIMCO Q2 2023: Dry bulk market outlook

    Port of Stephenville to become green hydrogen hub

    Port of Stephenville to become green hydrogen hub

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    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    eu ets maritime

    The EU’s objectives for sustainable shipping

    METIS: Digitalisation can assist vessels to achieve optimum performance and minimise their emissions

    METIS: Digitalisation can assist vessels to achieve optimum performance and minimise their emissions

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SAFETY4SEA

New agreement boosts Carbon Capture and Storage projects in the Asia Pacific region

by The Editorial Team
July 18, 2022
in Technology
New agreement boosts Carbon Capture and Storage projects in the Asia Pacific region

Barrett Cameron, Senior Vice President of PGS (left); Jack Sato, Chairman of dCS (right).

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PGS and deepC Store Limited (dCS) have entered into an agreement which will make PGS a major shareholder in dCS and will give the opportunity to both parties to explore broader collaboration opportunities in the Asia Pacific region for co-developing commercial scale Carbon Capture and Storage (CCS) projects.

dCS is actively pursuing greenhouse gas storage acreage; this agreement complements a recently awarded A$5MM Australian Government grant that enables scaling of dCS efforts to commence Pre-FEED on the first offshore floating CCS project (“CStore1”).

Asia Pacific region is one of the key markets where carbon capture and storage enables a path to net-zero, highlighted Berit Osnes, EVP New Energy of PGS. ”This valued partnership demonstrates our commitment to develop a leading CCS business in the Asia Pacific region,” commented Jack Sato, Chairman of dCS.

deepC Store’s flagship project will be the development and operation of Australia and Asia Pacific’s first floating multi-user Carbon Capture and Storage (CCS) hub, CStore1.

RelatedNews

Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

The EU’s objectives for sustainable shipping

Covering the entire CCS value chain, CStore1 consists of:

  • Capturing and liquefying CO2  from multiple industrial sources in Australia and potentially the Asia-Pacific Region.
  • Shipping liquid CO2 from industrial sources to CStore1’s Floating Storage and Injection (FSI) Hub located in offshore Northern / Western Australia.
  • Offloading and temporarily storing liquid CO2 at the FSI Hub prior to injection.
  • Injecting and storing CO2 in a permanent subsurface geological formation near the FSI Hub.

CStore1 will establish Australia’s and Asia Pacific’s first large-scale offshore multi-user hub infrastructure for receiving and storing CO2 from multiple sources and industries. This openness and flexibility are a unique value of the project, as other CCS projects only can be accessed by one or very few CO2 sources.

Tags: agreementAsia Pacificcarbon capturecarbon storagedecarbonization

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