Business · Energy & Commodities · 1 hr ago

Australia names offshore site for Inpex-led carbon storage project

Australia names offshore site for Inpex-led carbon storage project

Australia has named an offshore site for a carbon storage project in the Bonaparte region.

The project is led by Inpex, an energy company.

Carbon storage involves keeping carbon dioxide underground rather than releasing it into the air.

The announcement identifies a location offshore Australia for the project.

The available information does not say how much carbon the project could store or when it might begin.

It also gives no details about the next steps.

Further project plans remain unspecified in the information available.

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