8 Aug 2024
CarbonTP is proud to announce that its affiliated entity, CarbonCQ, has been awarded CCS permit G-15-AP in the Australian Government’s 2023 GHG Offshore Acreage release. G-15-AP is an exciting opportunity to progress CCS in Western Australia, being located only 120km offshore from the major industrial ports of Dampier and Port Hedland.
CarbonCQ participated in the Australian Government’s 2023 GHG Offshore Acreage release, applying for GHG23-3 in November 2023 as part of a joint bidding group. In August 2024, the joint venture was awarded this acreage in the form of permit G-15-AP. The G-15-AP project, is a collaborative joint venture, operated by InCapture (75% equity) alongside partners SKearthon (20% equity) and CarbonCQ (5% equity). CarbonCQ retains an option to increase its interest to 10%.
CarbonCQ’s partners bring complementary skills, resources and access to critical project elements, which together strengthens the group’s ability to mature the project to development.
The G-15-AP joint venture is committed to the identification of opportunities to reduce carbon emissions for hard-to-abate industries. The industrial areas near the Burrup Peninsula have multiple emissions sources at varying levels of CO2 concentration, with limited existing options for abatement.
The joint venture also recognises that G-15-AP has the potential to sequester large quantities of imported GHG emissions from Australia’s major international trading partners. The joint venture is planning to develop a large-scale commercially viable CO2 storage facility in the G-15-AP permit area with injection rates initially 3-6 Mtpa CO2 expected to be achievable.
More information is available on the CarbonCQ website at:
