INPEX has signed an agreement with Future Energy Exports Cooperative Research Centre (FEnEX CRC) which will see funding of $1.5 million go towards supporting studies of efficiency of LNG production value chains, digital technologies and new energy and export to market.
President director Australia Hitoshi Okawa said he was pleased to partner with FEnEx CRC to undertake studies to research and develop innovative solutions for producing clean and sustainable energy in Australia with important benefits for energy importers, including Japan.
“As a proud member of the Australian business community for more than 30 years and the operator of Ichthys LNG, INPEX is pleased to support high value research and development to lower our carbon footprint, consistent with the Paris Agreement,” Okawa said.
“We recently announced a new business development strategy which includes a commitment to net zero carbon emissions by 2050 and reducing Scope 1 and 2 emissions by 30 per cent by 2030. We look forward to working with FEnEx CRC to undertake studies to support the expansion of our energy business including our strategy for future production and supply of hydrogen.”
FEnEx CRC, which is headquartered in Western Australia, is a collaboration between industry, government and research institutions, and a project initiative facilitated by the Western Australian Government’s LNG Jobs Taskforce.
Western Australia’s Minister for State Development Roger Cook congratulated INPEX for being the latest member of the state’s LNG Jobs Taskforce to join the FEnEx CRC.
“The FEnEx CRC is a priority initiative for our LNG Jobs Taskforce. Announced by the Premier in 2018, the taskforce brings together industry, government and unions with the shared vision of establishing Western Australia as a global LNG hub, creating opportunities for investment, innovation and new jobs in the industry,” Cook added.
FEnEx CRC research is supported by a grant from the Commonwealth Department of Industry, Science, Energy and Resources through the Cooperative Research Centres program.