Perth-based InCapture has secured government approval to assess a vast offshore area for potential carbon storage.
The company aims to establish a fully operational carbon capture and storage (CCS) project in the North West Shelf region by the early 2030s.
The granted permit covers over 6,500 square kilometers and is situated near the bustling industrial ports of Dampier and Port Hedland. This location is considered prime for long-term, secure carbon dioxide storage.
InCapture is collaborating with South Korean energy giant SK Innovation and Perth-based Carbon CQ to develop the project.
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The company believes the area holds immense potential for carbon sequestration and is actively exploring various storage options to achieve its 2030 target.
Julia Davies, InCapture’s General Manager, emphasized the critical role of CCS in achieving net-zero emissions goals for Australia and its neighbors.
“CCS is essential for Australia and its neighbouring countries to meet their net-zero commitments. The recent award of greenhouse gas assessment permits by the Australian Commonwealth Government is a testament to our collective commitment to secure safe and effective storage sites for domestic emitters. The G-15-AP project is poised to play a pivotal role in decarbonizing Australia’s industrial sectors, with a special focus on hard-to-abate industries,” said Davies.
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“Our world-class storage sites at G-15-AP will not only support local efforts but will also enhance the carbon management capabilities of our valued trading partners in South-East Asia, Korea, and Japan. Secure storage solutions are vital in maintaining the Pilbara region’s status as an industrial powerhouse.”
Other Australian companies are also making strides in CCS development. DeepC Store and Azuli (Australia) have secured permits for similar projects and formed a partnership with Japanese energy firm J-POWER.
These initiatives collectively aim to establish Australia as a global leader in carbon capture and storage.
