Page 8 - AsiaElec Week 07 2022
P. 8
AsiaElec COAL AsiaElec
Inpex unveils
plans for Ichthys
CCS project
AUSTRALIA JAPAN’S Inpex has unveiled plans to build liquefaction capacity over the coming years,
a carbon capture and storage (CCS) project raising it to 9.3mn tpy by 2024 and potentially
at its Ichthys LNG terminal in Australia. The further around 2030. This would likely result in
plans, described in Inpex’s long-term strategy increased CO2 emissions as well.
and medium-term business plan, which was The Ichthys facility already has CO2 separa-
unveiled this week, form part of the company’s tion and capture equipment, according to Nik-
push to achieve net-zero greenhouse gas (GHG) kei Asia. The newspaper reported that Inpex
emissions by 2050. was in discussions with a number of non-Japa-
According to the plans, Inpex will introduce nese companies that have expertise in CCS and
CCS to Ichthys in the late 2020s. Initially, it will was aiming to enter into a collaboration for the
inject at least 2mn tonnes per year (tpy) of car- project.
bon dioxide (CO2) produced by Ichthys LNG, Inpex said it was planning to invest up to
but ultimately it could be expanded to capture up JPY4.4 trillion ($38bn) into growth areas over
to 7mn tpy of CO2. The company said it wanted the nine years between now and 2030, including
to play a leading role in establishing a CCS hub in up to JPY1 trillion ($8.7bn) into decarbonisation
Darwin, in Australia’s Northern Territory. initiatives including ammonia and hydrogen.
The CCS project is estimated to cost After it establishes its CCS project at Ichthys it
JPY100bn ($865mn) and would be one of the hopes to harness the know-how gained from
world’s largest. developing that scheme and apply it to a future
The Ichthys LNG terminal has the capacity to venture in Japan. CCS is not currently viable in
produce 8.9mn tpy of LNG, and is estimated to Japan as a result of the regulatory environment,
have CO2 emissions of around 7.6mn tpy. How- though Inpex appears hopeful that this will
ever, Inpex is intending to expand the project’s change in the future.
P8 www. NEWSBASE .com Week 07 16•February•2022
