Wire · operational-macro
Inpex-Led Bonaparte CCS Project Gets Australian Offshore Storage Approval
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Fusion42 · 16 October 2026 · Fusion42 review
Australia approved the West Peron offshore formation for carbon dioxide storage, enabling the Inpex-led Bonaparte CCS project to potentially store up to 443 million tonnes of CO2 and reduce emissions from the Ichthys LNG operation by about 40%. This regulatory milestone supports offshore carbon capture and storage development in northern Australia with initial CO2 injections targeted for the early 2030s.
This Wire brief sits within Fusion42's coverage of Climate Tech.
◆ ◆ The Wire takeaway
The Australian government is opening a new permanent CO2 storage market offshore that gives you a chance to partner on emission reductions for LNG and industrial projects. If your tech or service supports offshore CCS, this regulatory sign-off fast-tracks access to one of the region's largest carbon storage sites.
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1 source · 16 Oct 2026
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