Inpex, JGC, PTTEP plan CCS project in Thailand

Japan’s Inpex Corp and JGC Holdings have initiated a collaboration with Thai state-run PTTEP to explore the potential development of a carbon capture and storage (CCS) project in Thailand, JGC said on April 25.

The companies have signed a memorandum of understanding on the Thailand Carbon Capture and Storage Initiative, which aims to study the potential development of CCS solutions to help industries including the oil and gas sector and power generation reduce their carbon dioxide emissions.

The collaboration will involve identifying and evaluating facilities as well as procedures and technologies concerning CCS to build economically viable CCS solutions for Thailand, JGC said.

This collaboration on the Thailand Carbon Capture and Storage Initiative is linked to the Asia Energy Transition Initiative, a plan unveiled by the government of Japan last year that aims to help achieve sustainable economic growth and carbon neutrality in Asia through energy transitions. "The collaboration may also lead to opportunities in other related businesses including low carbon solutions and clean energy such as hydrogen and ammonia, which would help accelerate the transitions," JGC said.