Through this collaboration, the three companies aim to develop and commercialise viable CCS projects, contributing to the realisation of CCS value chains and a global decarbonised society.
The three companies will also explore potential collaboration at each stage of project development, including concept studies, feasibility studies, basic engineering (Pre-FEED/FEED), and engineering, procurement and construction (EPC).
In 2024, the three companies jointly conducted a study on the quantitative evaluation of costs and schedules across the entire value chain for three liquefied CO2 (LCO2) technology options — elevated pressure (EP), medium pressure (MP), and low pressure (LP) — and on the challenges associated with their social implementation.
The results of the study were presented on March 4, 2024, at the Japan CCS Forum Technical Seminar, organised by the Global CCS Institute (GCCSI).
Using the technologies and insights gained through this study and combining their respective strengths, the parties will be able to conduct value chain studies tailored to individual CCS operator projects in the future.