[April Dream] Deep C Store's Dream: Achieving Net Zero in the Asia-Pacific through Cross-Border CCS

Deep C Store, an Australia-based CO2 capture and storage business company, supports 'April Dream,' an initiative that aims to make April 1st a day to broadcast dreams. This press release shares the 'dream' of Deep C Store.

Dream: Achieving Net Zero in the Asia-Pacific through Cross-Border CCS We aim to realize a society that significantly reduces CO2 emissions from hard-to-abate industries by transporting CO2 across borders and storing it beneath the sea.

Our dream is to safely and securely implement 'CStore1,' the world's first cross-border floating CO2 capture and storage (CCS) solution, by the early 2030s.

Deep C Store does not view CStore1 as just a project. Its implementation signifies the creation of a new cross-border carbon value chain that connects the CO2-emitting industries of the Asia-Pacific region with Australia's large-scale, high-quality seabed storage sites.

Our dream is to realize a society where regional cooperation significantly reduces industrial emissions through this mechanism. It means a world where emissions are optimized and resolved regionally, rather than a single country bearing the burden.

Our Mission Deep C Store aims to 'provide CCS solutions for all hard-to-abate industries.' This goal is supported by the following significance: - To achieve significant CO2 emission reductions and mitigate the impacts of climate change. - To decarbonize key industries such as energy, fertilizer, steel, and cement while maintaining a stable supply and affordable prices. - To maximize the creation of value for society by leveraging the experience of a team that has executed multi-billion dollar industrial projects. - To become a role model that brings positive change to society.

This is not just a business; it is our mission.

Our Journey So Far We recognize that this dream is a challenge comparable to climbing Mount Everest. Nevertheless, we have made steady progress. - Secured over 1 billion tons of subsea CO2 storage capacity through two large-scale CO2 storage blocks (G-14-AP and G-13-AP) granted by the Australian Government. - Signed a joint study agreement with J-Power, a leading Japanese power utility, toward a strategic partnership for the development of CStore1. - Engaged with TGS, a global leader in seismic data, and prominent Japanese venture capital.