Development Partner

J-POWER

dCS entered into a Joint Study Agreement for a strategic partnership with Electric Power Development Co., Ltd. (J-POWER) by which J-POWER intends to become a joint venture participant in the GHG Acreages owned by dCS and the associated CStore1 development.   More information on this partnership available at link.

J-POWER was founded in 1952 as a Japanese government–owned company, and fully privatized in 2004. J-POWER group operates power generation and transmission businesses in Japan as well overseas. J-POWER has approximately 26 GW of installed generation capacity in Japan and overseas, consist of fossil fuel, hydro and other renewables such as wind and geothermal. J-POWER announced BLUE MISSION 2050, which is the strategic roadmap toward 2050 and committed reduction of CO₂ emissions. J-POWER is pursuing various decarbonization options to achieve carbon neutral in its power generation business by 2050.  More information on J-POWER available at link.

Shipping & Project Delivery Partners

Mitsui O.S.K. Lines

Under a tri-party Letter of Intent (LoI) executed among deepC Store (dCS), Mitsui O.S.K. Lines (MOL) and Technip Energies (T.EN), MOL intends to engineer, procure, construct and install (EPC) and operate the liquid CO₂ carrier fleet for CStore1.  MOL intends to also work closely with dCS and Technip Energies in relation to the EPC of offshore CO₂ Floating Storage and Injection (FSI) Hub facility scope for CStore1. More information on this partnership available at link.

MOL is the global leader in the shipping industry, which operates about 800 vessels all over the world, including its LNG fleet (including FSRU) totalling approximately 100 carriers and one of the world's largest dry bulk carrier fleets. More information on MOL is available at link.

Technip Energies

Under a tri-party Letter of Intent (LoI) executed among deepC Store (dCS), Mitsui OSK Lines (MOL) and Technip Energies (T.EN), T.EN intends to EPC our offshore CO₂ Floating Storage and Injection (FSI) Hub facility scope for CStore1.  More information on this partnership available at link.

T.EN is a global leader in energy solution including onshore/offshore, and surface projects. With proprietary technologies and production systems, integrated expertise, and comprehensive solutions, Technip Energies are transforming its clients’ project economics.  More information on T.EN is available at link.

Research & Technical Support Partners

Commonwealth Scientific and Industrial Research Organisation (CSIRO)

CSIRO has identified dCS’s suitable subsurface CO₂ storage sites and supported the assessment of the storage sites for the CStore1 Project.

CSIRO carries out scientific research to assisting Australian industry, furthering the interests of the Australian community and to contribute to the achievement of Australian national objectives or the performance of the national and international responsibilities of the Commonwealth. More information on CSIRO is available at link.

Future Energy Exports CRC (FEnEx CRC)

FEnEx CRC has undertaken CStore1 project-relevant Research and Development (R&D) work to demonstrate the technical feasibility and operability of the Low Pressure and Low Temperature Liquefied CO₂ Transportation Technology (LP Technology). More information on this R&D partnership is available at link.

FEnEx CRC is an Australian not-for-profit organisation established to future-proof Australia’s energy exports through industrial-scale research and innovation. FEnEx CRC brings together a wide range of industry, government, and university partners with resources of approximately AU$166 million to conduct industrial-scale research that supports energy exports from Australia.  More information on FEnEx CRC is available at link.

Investment Partners

Incubate Fund

Japan’s major venture capital firm Incubate Fund has invested JPY 350 million (approximately A$3.5 million) in equity into deepC Store for developing CStore1. More information on this transaction is available at link.

Incubate Fund is a leading seed-stage venture capital firm from Japan with a global track record of investing in over 700 startups. Founded with the mission to support aspiring entrepreneurs from the earliest stages, the firm emphasizes hands-on mentorship, trust-based relationships, and strategic guidance to help startups scale globally. More information on Incubate Fund is available at link.

TGS

dCS secured strategic corporate equity via a service-for-equity subscription agreement with TGS, in exchange for geological and geophysical advisory services that were essential for dCS’s successful award of its offshore CO2 storage acreages in Australia.

TGS is an Oslo-listed global marine seismic acquisition and data services company. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library for supporting the exploration and production of energy resources worldwide. More information on TGS is available at link.