Hilcorp, Sumitomo, K-Line to study Alaska CCS project
Hilcorp Alaska, Sumitomo Corp., and Kawasaki Kisen Kaisha Ltd. (K-Line) have agreed to conduct a feasibility study of carbon capture and sequestration (CCS) in Alaska. The companies will investigate the feasibility of building a CCS value chain in which CO2 is aggregated in Japan and transported by large liquefied-CO2 vessels to Alaska for sequestration.
The Government of Alaska expects total storage capacity of the project to be 50 gigatons, equivalent to Japan's CO2 emissions over 50 years. Alaska Gov. Mike Dunleavy last week signed House Bill 50, addressing the license, lease, and administration of CCS projects in the state.
Alaska is recognized as a promising base for CCS projects, K-Line said, not only because the data accumulated through oil and gas development can be used for CO2 storage, but also because of infrastructure such as LNG terminals, ports, and pipelines.
The joint-study agreement was signed Oct. 11 as part of a CCS working group between the governments of the US and Japan. The two countries are studying the feasibility of CCS in Alaska.
Christopher E. Smith | Editor in Chief
Christopher brings 27 years of experience in a variety of oil and gas industry analysis and reporting roles to his work as Editor-in-Chief, specializing for the last 15 of them in midstream and transportation sectors.