BP is teaming up with Japan’s Chubu Electric Power Company for a feasibility study of the international carbon capture, utilisation and storage (CCUS) value chain from the Port of Nagoya using storage at Tangguh liquefied natural gas project in Indonesia.
Tangguh is Indonesia’s largest gas producing asset, accounting for around 20% of the country’s output. Chubu Electric confirmed on recently that Tangguh, operated by BP, is the most advanced CCUS project in Indonesia. The government approved the development plan in 2021. Front-end engineering and design work is under way and the final investment decision is expected in the near future. With 1.8 gigatonnes of CO2 in ultimate storage capacity, Tangguh has a tremendous potential to become Indonesia’s first CCS hub for domestic and international emitters, Chubu Electric said.
BP and Chubu Electric aim to achieve net zero CO2 emissions from their operations by 2050.They are working to support the decarbonisation of the area around the Port of Nagoya, as part of the scope of a memorandum of understanding signed in February 2023 to decarbonise Japan and the wider Asian region.
Under the new MoU, the two companies will assess the feasibility of CO2 capture, aggregation, and liquefaction at Nagoya Port for shipping for injection and geological storage at Tangguh in West Papua province.