The Strategist

TotalEnergies, Inpex and Woodside to create carbon dioxide storage facility

08/24/2022 - 10:08

According to a news release from France's TotalEnergies, Japan's Inpex, and Australia's Woodside Energy, a joint venture has been given permission to carry out the appraisal work for a carbon dioxide storage plant in northwest Australia.

Nick Humphries
Nick Humphries
"A joint venture between TotalEnergies (26%), Inpex (53%), and Woodside (21%) called Bonaparte CCS Assessment has been given permission to conduct an assessment on Australia's northwest coast in the G-7-AP block, which is thought to be a promising location for geological CO2 storage. The assessment process will start in 2023," the paper reads.

It is highlighted that the project will assist reduce greenhouse gas emissions from the close-by Ichthys LNG facility, whose founding partner is TotalEnergies, by providing long-term carbon dioxide storage in the area.

Additionally, it is consistent with the French company's efforts to advance the concept of CO2 capture and storage.