bp and Chubu Electric to investigate CO2 storage in Indonesia

Sep 12 2023

The two companies will assess the feasibility of CO2 capture, aggregation, and liquefaction at Nagoya Port for export with transport via CO2 shipping for injection and CO2 storage at Tangguh in Indonesia.

The two companies are working to support the decarbonisation of the area around the Port of Nagoya, as a part of the scopes of Memorandum of Understanding signed in February 2023 for the decarbonisation of Japan and the wider Asian region.

The Port of Nagoya is the largest port in Japan in terms of cargo volume, accounting for 3% of Japan's total CO2 emissions and has set a target to reduce its emissions by 46% by FY2030 compared to FY2013.

Kathy Wu, BP Regional President Asia Pacific, Gas & Low Carbon Energy, said, "bp p.l.c. and Chubu have a long-standing relationship, and this MoU signifies our continued cooperation to support Indonesia’s and Japan’s net zero aims through CCUS initiatives."

bp and Chubu Electric will combine bp’s experience in developing large-scale CCS projects and Chubu Electric's knowledge as a utility in the Chubu region to further explore the promotion of decarbonisation solutions in Japan and the wider Asian region.


Hiroki Sato, Division CEO of Global Business at Chubu Electric, commented, "It is a significant milestone for the Nagoya Port CCUS project to be able to specify and assess the storage site of Tangguh in our feasibility study. Tangguh is expected to have considerable storage volume. We will collaborate with bp on solid assessment of Tangguh as a potential storage site, with the aim of starting the project in 2030 in align with the Japanese government’s target."


Chubu Electric Power

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