[April Dream] deepC Store's Dream: Achieving Asia-Pacific Net-Zero with Cross-Border CCS

deepC Store (hereinafter "the Company"), an Australia-based CO₂ capture and storage business company, endorses "April Dream," an initiative to make April 1st a day for announcing dreams. This press release is deepC Store's "dream."

**Dream: Achieving Net-Zero in Asia-Pacific through Cross-Border CCS**

We aim to realize a society where CO₂ emissions from industries that have been difficult to reduce can be significantly curtailed by transporting CO₂ across national borders and storing it beneath the sea.

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

deepC Store does not view CStore1 as merely a project. Its social implementation signifies the creation of a new cross-border carbon value chain, connecting CO₂ emitting industries in the Asia-Pacific region with Australia's large-scale, high-quality subsea storage sites.

Our dream is to realize a society where industrial emissions are significantly reduced through this mechanism, with mutual support across the entire region. This means a world where emissions are optimally resolved regionally, rather than being borne by a single nation.

**Our Mission**

deepC Store aims to "provide CCS solutions to all industries where emission reduction is difficult." This goal is supported by the following significance:

- To achieve significant CO₂ emission reductions and mitigate the impacts of climate change. - To decarbonize essential industries such as energy, fertilizers, steel, and cement while maintaining stable supply and affordable prices. - To maximize value creation for society by leveraging the team's experience in executing multi-billion dollar industrial projects. - To serve as a role model for bringing 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 permits (G-14-AP and G-13-AP) granted by the Australian government. - Signed a joint study agreement with J-POWER, a leader in Japan's power business, for a strategic partnership regarding CStore1 development. - Secured investment from TGS, a global leader in geophysical data companies, and Incubate Fund, one of Japan's leading venture capital firms. - Promoting the technical and commercial development of CStore1 as a scalable cross-border floating CCS hub. - Established a pioneering position in the field of CO₂ storage utilizing offshore aquifers.

These achievements demonstrate that we are steadily bringing our dream closer to reality.

**Co-creation with Japan, Australia, and Asia-Pacific**

Cross-border collaboration is essential for addressing climate change.

Together with our partner companies, we aim to collaborate with Japanese CO₂ emitters and industries to achieve substantial and large-scale CO₂ reductions by the early 2030s.

We believe that by linking Australia, with its abundant subsea storage resources, and Japan, with its industrial strength and strong will for decarbonization, a powerful foundation for achieving net-zero in the Asia-Pacific region can be built.

**Our Commitment**

We declare the following:

- Realization of safe and reliable subsea CO₂ storage through CStore1. - Building transparent and trustworthy relationships across national and industrial boundaries. - Making a substantial contribution to global decarbonization. - Realizing this dream through strong will, perseverance, and a commitment to high-quality work.

**In Conclusion**

Our challenge has just begun. However, with a clear purpose and reliable partners, we believe that by steadily moving forward step by step, this dream will surely become a reality.

deepC Store will continue to walk alongside all who share this vision and turn the dream into reality.

**Contact Information** Founder & Representative Director: Daein Cha E-mail: [email protected] Location: Level 8, 167 St Georges Terrace, Perth WA 6000, Australia Established: August 2021 Business Description: Australia-based independent CO₂ capture and storage business HP: https://www.deepcstorejp.com/