INPEX CORPORATION (INPEX) announced that the Bonaparte CCS Assessment Joint Venture has been awarded Major Project Status by the Australian Government.
The award highlights the project’s recognised potential to support a lower carbon future as well as reflecting the Australian government’s acknowledgment of the project’s strategic importance in achieving Australia’s net zero goals.
Appraisal works in 2024 confirmed a high-quality saline aquifer reservoir suitable for safe and permanent carbon storage in the Bonaparte Basin. INPEX considers the project has potential to be one of the major commercial carbon capture and storage (CCS) projects in the world, and it could substantially contribute to decarbonizing northern Australia and the Asia-Pacific region
The Joint Venture intends to transport and store carbon dioxide (CO2) safely and permanently in the Bonaparte Basin, which has a potential carbon storage capacity of more than 10 million tons per year. The Joint Venture commenced preliminary front-end engineering design (FEED) work in April 2025 and plans to commence CO2 injection around 2030.