December 7th – Australian and Japanese companies are studying a plan to capture carbon dioxide emissions from Asian factories and seal it on the seabed of the Australian coast to control carbon dioxide emissions.
According to Bloomberg on December 6, Perth, Australia-based Transbounds Energy Pty is working with Tokyo Gas Co. and Kyushu Electric Power Co. In cooperation, companies plan to transport heavy industrial emissions from Australia and the entire Asia-Pacific region to offshore Australia, and use a floating hub currently used in the gas industry to seal these emissions on the seabed.
The world’s leading energy producers have been supporting carbon capture and storage technology (CCS) as a means of reducing carbon emissions, but some key projects have been lowly attractive due to technical problems and cost overruns. According to data released by the International Energy Agency, 21 operating facilities around the world will capture about 40 million tons of carbon dioxide this year, accounting for about a small part of the total emissions of 51 billion tons.
Scientists around the world are increasingly looking to deploy CCS technology offshore. The Northern Lights initiative, supported by the Norwegian government, Royal Dutch Shell, Statoil ASA and Total of France, is planned to be as fast as 202 In four years, 1.5 million tons of carbon dioxide were sealed on the seabed of the North Sea, with the long-term goal of expanding the scale to 5 million tons. Another Australian project, CarbonNet, also plans to seal 5 million tons of carbon dioxide every year in the Bath Strait off the southeast coast of Australia, and is expected to be put into use by 2030.
Thanks to the booming energy export industry, Australia has become one of the largest per capita emissions. The Australian government proposed as early as 2008 that it would allow domestic coal-fired power plants to seal carbon emissions on the seabed, using offshore sedimentary basins with superior geological conditions.