G-15-AP CCS Project


GHG Permit G-15-AP

CarbonCQ holds a 5% interest in GHG Assessment Permit G-15-AP with an option to increase its interest to 10%.

CarbonCQ participated in the Australian Government’s 2023 GHG Offshore Acreage release, applying for GHG23-3 in November 2023 as part of a joint bidding group. In August 2024, the joint venture was awarded this acreage in the form of permit G-15-AP.

G-15-AP is strategically situated on the North West Shelf of Western Australia located only 120km offshore from the major industrial ports of Dampier and Port Hedland. G-15-AP is an exciting opportunity to progress Carbon Capture and Storage (CCS) in Western Australia.

Spanning an area of over 6,500km², the Assessment Permit’s prime location offers potential for long-term, safe, and secure greenhouse gas storage. As industries strive to achieve net-zero emissions, the G-15-AP permit area may provide a viable solution for the hard-to-abate sectors.

The G-15-AP joint venture is committed to the identification of opportunities to reduce carbon emissions for hard-to-abate industries. The industrial areas near the Burrup Peninsula have multiple emissions sources at varying levels of CO2 concentration, with limited existing options for abatement.

The joint venture also recognises that G-15-AP has the potential to sequester large quantities of imported GHG emissions from Australia’s major international trading partners. The joint venture is planning to develop a large-scale commercially viable CO2 storage facility in the G-15-AP permit area with injection rates initially 3-6 Mtpa CO2 expected to be achievable. 

CO2 Storage Potential

The proposed G-15-AP work programme outlines a credible pathway to mature the project from a prospective CO2 sequestration concept to a large-scale CO2 injection facility, with:

 

  • Declaration of storage approved within the primary term [Q1 2027],
  • Injection permit award by the end of the secondary term [2029],
  • Project Final Investment Decision (FID) by 2029-30,
  • First injection of CO2 by 2032-34.

 

Three primary injection targets have been mapped within the permit area, with one of these, the “Ronsard Horst Shallow Target”, estimated to have an injection capacity of 3-6 Mtpa CO2 for greater than 25 years. Considerable CO2 storage upside is expected from the remaining identified targets and other prospects.

Strategically, the joint venture envisages the G-15-AP storage development to be a multi-user hub facility with both Pilbara region derived CO2 emissions and imported emissions being accommodated, either from overseas or from other parts of Australia. 

The joint venture regards the importation of emissions as both strategically important and necessary to reduce unit storage costs, benefitting from improved economies of scale. Australia’s Scope 3 emissions are intertwined with the Scope 1 emissions of its major trading partners. A collaborative approach is required to tackle global emissions while protecting national economies during the energy transition.

Joint Venture Partners

The G-15-AP project, is a collaborative joint venture, operated by InCapture (75% equity) alongside partners SKearthon (20% equity) and CarbonCQ (5% equity). CarbonCQ retains an option to increase its interest to 10%.

CarbonCQ’s partners bring complementary skills, resources and access to critical project elements, which together strengthens the group’s ability to mature the project to development.

Based in Perth, Western Australia, InCapture are carbon storage project developers. InCapture is part of the Longreach Capital Investment group of companies, which has been active in the energy geosciences for several decades.

SKearthon is a wholly owned subsidiary of South Korea’s second largest industrial conglomerate, SK Group. SKearthon brings a wealth of experience in CCS projects, including the notable Shepherd Project which aims to capture CO2 from South Korean industrial zones and transport to Malaysia for storage. The company also participates in South Korea’s National CCS R&D projects including marine CO2 storage monitoring projects and geophysical surveys for large-scale CCS storage evaluations.

SK Group is a strategic partner to this project, as its involvement will facilitate access to large-scale imported emissions across multiple industrial sectors from South Korea and beyond.