Japan Australia LNG (MIMI) Pty. Ltd. ("MIMI"), which is owned equally by Mitsui & Co., Ltd. and Mitsubishi Corporation, together with Woodside Energy Ltd. ("Woodside"), BP Developments Australia Pty. Ltd. (BP), Shell Australia Pty. Ltd. ("Shell"), and Chevron Australia Pty. Ltd. ("Chevron"), collectively referred to as the "Joint Venture", was awarded the greenhouse gas assessment permit [G-10-AP] (the "Permit") for the Northern Carnarvon Basin off the north-western coast of Western Australia on August 31st.
The awarding of the Permit represents an important milestone for the Joint Venture as it continues to assess the technical, regulatory, and commercial feasibility of capturing and storing carbon emitted by multiple industries located near Karratha in Western Australia.
The Joint Venture will now also pursue evaluation and appraisal work to investigate the potential for geological storage of carbon dioxide in the Permit area.
A multi-user CCS project near Karratha would be ideally located to aggregate emissions from various existing sources. It would also have the potential to facilitate the development of new lower-carbon industries, such as the production of hydrogen and ammonia, by providing a local solution to the need for emissions reduction.
Mitsui’s Materiality
“Build brighter futures, everywhere” as our corporate mission, and to gain the trust and expectations of our stakeholders to realize a better tomorrow for earth and for people around the world, we have identified five material issues (“Materiality”) for Mitsui’s sustainable growth. We anticipate this particular project/ business to contribute especially to the realization of “Create an eco-friendly society”
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Secure sustainable supply of essential products
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Enhance quality of life
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Create an eco-friendly society
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Develop talent leading to value creation
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Build an organization with integrity