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
![](/images/white-fade.png)
Also in this section
21 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries
18 July 2024
Platform developed at Scottish university uses advanced simulations and machine learning to find most cost-effective and sustainable combinations of materials for use in carbon capture
18 July 2024
Stockholm Exergi agrees to one of world’s largest deployments of CO₂ liquefication technology to enable transport of emissions captured from biomass power plant
11 July 2024
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence