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MOL and JX sign MoU for development of Cross Border CCS Value Chain

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By Mitsui O.S.K. Lines

February 06, 2024

CaptureStorageProject Development

Mitsui O.S.K. Lines, Ltd. and JX Nippon Oil & Gas Exploration Corporation announced that they have signed a memorandum of understanding (MoU) to develop a Carbon dioxide Capture and Storage (CCS) value chain between Japan and Australia, including marine transport of carbon dioxide (CO2).

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Snam, in cooperation with Confindustria, is officially launching a market test on hydrogen demand in Italy and, in partnership with Eni, a collection of non-binding expressions of interest for the transport and storage of CO2 within the framework of the carbon capture and storage project recently announced in Ravenna.

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PTTEP and Mahidol University have jointly signed the Memorandum of Understanding (MoU) under the “PTTEP Subsurface University Energy Connect” project. The collaboration is aimed to carry out research study on geoscience and petroleum engineering, develop professionals in petroleum exploration and production and explore for carbon storage sites.

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Southeastern Louisiana University deployed four buoys this week for the independent, scientific monitoring of the Lake Maurepas ecosystem as part of its Memorandum of Understanding (MOU) with the Federal Government and with Air Products’ work on its Louisiana Clean Energy Complex. 

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Drax Group has announced a new partnership with Molpus Woodlands Group (Molpus). The agreement will provide Drax with an option to purchase sustainably sourced woody biomass to fuel its bioenergy with carbon capture and storage (BECCS) operations in the US Southeast.

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Viking CCS announced that Technip Energies has been awarded the Front-End Engineering Design (FEED) contract for the project. The contract includes responsibility for the design of the CO2 transportation system and is another important milestone for the project as it progresses its design, costs and schedule towards a final investment decision

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Howden announced a first-of-its-kind insurance facility covering the leakage of carbon dioxide (CO2) from commercial-scale carbon capture and storage (CCS) facilities. This product will unlock vital investment to support the global transition to net zero.

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Doosan Enerbility announced that it had signed a “Memorandum of Understanding on Collaboration for Joint Study of CCUS and Carbon-Free Energy Solutions” with the Electricity Generating Authority of Thailand (EGAT).

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Elkem, a leading producer of advanced silicon-based materials, has completed its first pilot for carbon capture and storage (CCS) at its plant in Rana, Norway. The pilot recorded high capture rates of CO2, up to 95%, indicating technical viability of CCS in smelters.

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Heimdal will co-locate its debut DAC facility, Project Bantam, onsite at CapturePoint's Oklahoma Carbon Hub in Osage and Kay Counties, Oklahoma, where CapturePoint affiliate CapturePoint Solutions LLC is developing a deep underground carbon storage center.

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The new SAF market is potentially massive according to a new study unveiled today by Decision Innovation Solutions (DIS), Iowa’s premier agricultural economic firm. The study found fully maximizing the potential of the SAF production in Iowa will have a generation impact.

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Carbon America has submitted a Class VI CO2 Injection Well permit application to the Environmental Protection Agency’s (EPA) Region 8 office to permanently store carbon dioxide produced by two ethanol plants in northeastern Colorado. The application was submitted on December 4th, 2023, made it through the completeness determination on January 7th, 2024, and is now in the technical review phase.

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Aker Carbon Capture and MAN Energy Solutions have signed a Memorandum of Understanding to jointly pursue opportunities related to carbon capture, utilization and storage (CCUS) and CO2 compression in the North American market.

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Expro Group Holdings has secured a new Carbon Capture Utilization and Storage (CCUS) contract with INPEX Corporation for the Kashiwazaki Clean Hydrogen/Ammonia project which is Japan’s first clean hydrogen production demonstration project.

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SDTR Marine and DNV entered a Joint Development Project (JDP) to conduct a Carbon Capture and Storage (CCS) feasibility study for our 85,000 DWT Kamsarmax bulk carrier.

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The Secretary of State for Energy Security and Net Zero has approved the Development Consent Order for Drax Power Limited’s plans to convert two of its biomass units at Drax Power Station to the carbon removals technology bioenergy with carbon capture and storage (BECCS).

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McDermott has been awarded an offshore contract from Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) for the Kasawari Carbon Capture and Storage project, located offshore Sarawak in East Malaysia.

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Block Energy, the development and production company focused on Georgia, announced a study identifying a Carbon Capture and Storage opportunity within the Company's Block XIB with the potential to support a major net-zero CO2 industrial hub.

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Capsol Technologies has been awarded a feasibility study for the CapsolEoP® (end-of-pipe) carbon capture technology at SCHWENK’s Building Material Group’s Brocēni cement plant in Latvia.

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Chevron Singapore Pte Ltd, Keppel, Pan-United Corporation, Surbana Jurong, Air Liquide Singapore, Osaka Gas Singapore, and Pavilion Energy have signed a Memorandum of Understanding to collaborate on lower carbon opportunities to support Singapore’s aspiration of achieving net-zero emissions by 2050.

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CGG, a global technology and HPC leader, and C-Questra, an independent European operator specializing in the CO2 storage value chain, have signed a commercial cooperation agreement in carbon capture, utilization, and sequestration (CCUS).

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ADNOC announced it has taken a 10.1% equity stake in Storegga to become a lead investor in the UK-based company that focuses on the development of global carbon capture and storage (CCS) projects. 

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PTTEP will utilize its knowledge and experience to conduct a study on carbon storage potential in the Northern Gulf of Thailand together with INPEX CORPORATION under an international collaboration between the Thai Department of Mineral Fuels (DMF) and Japan Organization for Metals and Energy Security.

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Petrofac has begun a multi-million-dollar front-end-engineering design (FEED) for the Netherlands’ flagship carbon transport and storage (CCS) system, Aramis. The development marks a significant step towards achieving the European Union’s decarbonisation targets announced in the European Green Deal and the Dutch Climate Agreement.

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Gov. John Bel Edwards and Louisiana Department of Natural Resources Commissioner of Conservation Monique M. Edwards announced the U.S. Environmental Protection Agency (EPA) has formally granted Louisiana state primacy in the permitting and regulation of wells and projects involving the underground sequestration of carbon dioxide (CO2).

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Overseas Shipholding Group, Inc. (OSG) announced that it has been awarded a $400,000 grant from the United States Department of Energy to study the development of its proposed Tampa Regional Intermodal Carbon Hub.

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Government sets out plans for a new competitive UK carbon capture, usage and storage market by 2035 - delivering new jobs and supporting net zero.

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California Resources Corporation and its carbon management business, Carbon TerraVault, announced that the U.S. EPA released draft Class VI well permits for underground CO2 injection and storage in CTV’s 26-R reservoir located within the CTV I CCS vault at the Elk Hills Field in Kern County, California.

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Canada Growth Fund Inc. (“CGF”) and Advantage Energy announced that CGF has entered into a strategic investment agreement with Entropy Inc., a Calgary-based developer of technologically-advanced carbon capture and sequestration (“CCS”) projects with the potential to significantly reduce emissions in Canada and worldwide.

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PTT Global Chemical Public Company Limited (GC) signed a Memorandum of Understanding with Mitsubishi Heavy Industries (MHI) to jointly study the technologies required to develop a large-scale petrochemical complex that aims to support Thailand’s Carbon Neutrality by 2050.

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