Seaborne trade in CO₂ is emerging
Japanese firms explore carbon exports to Australia
Mitsui OSK Lines and JX Nippon Oil eye shipments to South Australia as cross-border emissions trade routes in Asia-Pacific open up
Shipping company Mitsui OSK Lines (MOL) and Japan’s JX Nippon Oil & Gas Exploration have signed a memorandum of understanding to potentially capture CO₂ from industrial emitters in Japan for shipment to storage sites in Australia, creating a cross-border CCS value chain. The agreement focuses on the capture of emissions from refineries and other industrial sites in Japan. Liquid CO₂ would then be transported by carrier to the deepwater Port of Bonython in South Australia for injection into storage. MOL will select a liquefied CO₂ carrier suitable for conditions at ports in Japan and Australia, and define the distance, volume and estimated costs of shipping. JX Nippon will manage the cost
Also in this section
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
23 December 2025
Legislative reform in Germany sets the stage for commercial carbon capture and transport at a national level, while the UK has already seen financial close on major CCS clusters
15 December 2025
Net zero is not the problem for the UK’s power system. The real issue is with an outdated market design in desperate need of modernisation
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
