TOKYO -- Japan's largest oil and gas explorer Inpex will lead an effort that will spend up to 100 billion yen ($868 million) to build one of the world's largest carbon capture facilities in Australia.
The project will capture and store the carbon dioxide produced by the Ichthys gas project, a development offshore Australia's northern coast that Inpex operates with several joint venture partners. The capturing setup is expected to begin in 2026 at the earliest.
