deepc store

Name

deepc store

Legal name

deepC Store Pty Ltd

Website

https://deepcstorejp.com

Company type

Private

Founded year

2021

Operating status

Operating

Ownership category

akta.pro rank

Product category

Carbon Capture and Storage (CCS)

NAICS

Industrial Gas Manufacturing (32512)

SIC

Pipe Lines (No Natural Gas) (4610)

akta.pro primary industry

CO2 Distribution / Lateral Pipelines (Hub-to-Emitter / Hub-to-User) (TLAGAFAC)

Keywords

• Carbon capture storage
• CCS infrastructure
• Industrial decarbonization
• Carbon credit generation
• CO2 sequestration

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Carbon Credit Generation and Sales: deepC Store generates and sells carbon credits from CO2 captured and stored through its CCS projects. The company develops large-scale CCS infrastructure that serves industrial emitters requiring carbon offset solutions.
2. CCS Infrastructure Development and Operation: Revenue from developing and operating offshore CCS infrastructure, including CO2 capture facilities, liquefaction, shipping, and long-term storage services for industrial emitters.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

deepC Store develops and operates large-scale carbon capture and storage (CCS) projects for industrial CO2 emitters across the Asia-Pacific region. Its flagship CStore1 project is a floating offshore multi-user CCS hub that captures, liquefies, transports via ship, and permanently stores 1.5-7.5 million tonnes of CO2 annually from industrial facilities into offshore geological formations off Western Australia.

Product overview

deepC Store operates as a CCS project developer offering an integrated full-value-chain CO2 capture and storage solution centered on the CStore1 project. CStore1 is Asia Pacific's first floating offshore multi-user CCS hub, connecting industrial CO2 emitters across the region (including steel, cement, power generation, and LNG industries) with offshore geological storage sites in Australian federal waters. The portfolio includes CO2 capture and liquefaction services, liquefied CO2 shipping via specialized vessels, offshore floating injection hub facilities, and carbon credit generation. The platform supports multiple simultaneous users (multi-user hub model) and enables transboundary CO2 transport, distinguishing it from pipeline-constrained competitors.

Differentiator

Problem solved

Functional benefit

Brands

• CStore1: World's first cross-border floating CO2 capture and storage hub project, targeting 1.5-7.5 million tonnes per year of CO2 capture from Asia-Pacific industrial facilities.

Products and services

• CStore1 Floating CCS Hub Asia Pacific's first floating offshore multi-user CO2 capture and storage hub project capable of capturing, liquefying, shipping, and permanently storing 1.5-7.5 million tonnes of CO2 annually from regional industrial facilities into offshore geological formations off Western Australia. Designed to serve multiple industrial emitters across steel, cement, power generation, and LNG sectors without pipeline constraints.
• CO2 Capture and Liquefaction Services Industrial CO2 capture and liquefaction services that receive CO2 from multiple industrial emitters and process it for maritime transport and permanent geological storage. Designed for hard-to-abate industries including steel, cement, power, and oil and gas.
• Liquefied CO2 Shipping Services Transportation of liquefied CO2 via specialized vessels from industrial facilities across the Asia-Pacific region to offshore storage hubs in Australia, enabling access to emitters located far from suitable storage reservoirs.
• Offshore CO2 Injection and Storage Services Permanent geological storage of CO2 through offshore floating injection hub facilities positioned directly above suitable subsurface storage formations off Australia's northwest coast. Utilizes two government-granted storage acreages with combined capacity exceeding 1 billion tonnes.
• Carbon Credit Generation and Sales Verified carbon credits created through CO2 capture and permanent geological storage, enabling industrial emitters to offset their carbon footprint and meet net-zero commitments. Credits are generated through the company's CCS projects.
• Other CCS Projects Additional CCS project development activities beyond CStore1, leveraging the company's floating CCS hub technology and expertise to develop further CCS infrastructure projects across the Asia-Pacific region.

Quantifiable outcome

• Targeting 150-750万 tonnes of CO2 capture per year through CStore1
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

15 partnerships are on record, tiered core and supporting.

• J-POWER (電源開発)coreStrategic or Co-development Partner · 1 August 2024Strategic partnership for CStore1 development. J-POWER joined as a strategic partner to commercialize projects that capture CO2 from Japan, Australia, and surrounding regions for storage in Australia. The partnership involves joint evaluation contracts and joint venture participation rights.
• CSIRO (Commonwealth Scientific and Industrial Research Organisation)coreStrategic or Co-development PartnerAustralia's largest government research organization providing technical support for CO2 storage site characterization, geological evaluation, and development of CO2 injection and long-term storage monitoring programs.
• JX石油開発 (JX Exploration and Production)coreStrategic or Co-development PartnerJapanese oil and gas company serving as LNG CO2 carrier owner/operator for CStore1. Also involved in overall concept design (Pre-FEED), CO2 storage reservoir evaluation and selection, and CO2 supply source evaluation.
• 商船三井 (Mitsui O.S.K. Lines)coreStrategic or Co-development PartnerGlobal shipping leader operating 800+ vessels including LNG fleet. Serving as LNG CO2 carrier owner/operator for CStore1, and involved in Pre-FEED for CO2 shipping scope and overall project concept design.
• Technip EnergiescoreTechnology or IntegrationGlobal energy services company providing design, procurement, construction, and installation services for CO2 capture and liquefaction facilities, floating offshore CO2 injection hub, and offshore/subsea facilities using C-Hub technology.
• Add EnergysupportingTechnology or IntegrationNorwegian company providing drilling, completion, operation, maintenance, and risk management services for oil and gas wells. Responsible for CO2 injection well drilling, completion, operation, and maintenance for CStore1.
• 九州電力 (Kyushu Electric Power)supportingStrategic or Co-development PartnerJapanese electric utility involved in CStore1 concept design (Pre-FEED), CO2 storage reservoir evaluation and selection, and CO2 supply source evaluation.
• 大阪ガス / Osaka Gas AustraliasupportingStrategic or Co-development PartnerJapanese gas company with involvement in Wheatstone LNG and Ichthys LNG projects in Australia. Participating in CStore1 Pre-FEED, storage reservoir evaluation, and CO2 supply source evaluation.
• 東邦ガス (Toho Gas)supportingStrategic or Co-development PartnerJapanese gas company participating in Ichthys LNG project in Australia. Involved in CStore1 project development.
• PGSsupportingTechnology or IntegrationNorwegian marine geophysics company providing geological and geophysical advisory services. Became a major shareholder through a share subscription agreement in exchange for advisory services.
• Azuli (Australia) Pty LtdcoreStrategic or Co-development PartnerAustralian company partnered with deepC Store to win exploration permits for two GHG storage acreages (GHG23-1 and GHG23-2) in the Bonaparte and Browse Basins. Subsidiary of UK-based Azuli International Ltd.
• 日本製鉄 (Japan Steel)coreStrategic or Co-development PartnerMajor Japanese steel company participating in joint study for CO2 capture, liquefaction, and maritime transport of 1-5 million tonnes per year from steel mills to CStore1.
• 関西電力 (Kansai Electric Power)coreStrategic or Co-development PartnerMajor Japanese power company in joint study for CO2 supply chain construction from power plants, targeting 1-10 million tonnes per year for CStore1.
• FEnEx CRC (Future Energy Exports CRC)supportingStrategic or Co-development PartnerAustralian research institution leading research on low-temperature, low-pressure CO2 shipping technology development. Partnering on R&D project for safe and efficient liquefied CO2 transport.
• Low Emission Technology Australia (LETA)supportingStrategic or Co-development PartnerAustralian low-carbon technology investment organization providing funding and expertise for CO2 shipping technology R&D projects.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Northern Lights JV: Joint venture between Equinor, Shell, and TotalEnergies developing a cross-border CO2 transport and storage infrastructure project in the Norwegian North Sea. Directly comparable to deepC Store as a multi-user offshore CCS hub accepting CO2 from multiple industrial emitters across Europe — analogous architecture, analogous business model, analogous cross-border regulatory dependency.
• Porthos CCS: Dutch CCS project (Air Products, Shell, ExxonMobil, Air Liquide) transporting CO2 from Rotterdam industrial cluster to offshore depleted gas fields. Comparable multi-emitter CCS hub model serving hard-to-abate industries; differs from deepC Store primarily in pipeline-based rather than ship-based transport.
• Aramis: Dutch CCS project under development by TotalEnergies, Shell, Gasunie, and EBN for large-scale CO2 transport and storage in the Dutch North Sea. Multi-emitter offshore CCS hub similar in concept to deepC Store's CStore1, addressing the same hard-to-abate industrial customer base.

Broad incumbents

• ExxonMobil Low Carbon Solutions: ExxonMobil's CCS business unit developing large-scale CCS projects globally, including the Baytown, LaBarge, and Papua New Guinea Liquefy CCS hubs. Broad incumbent in CCS infrastructure with much deeper capital base and existing reservoir positions; competes for the same industrial decarbonization wallet as deepC Store.
• Occidental (1PointFive): Occidental subsidiary developing the Stratos direct air capture facility and associated CO2 storage in the Permian Basin. A broader CCS/DAC incumbent pursuing large-scale carbon removal hubs with EOR-linked storage — competes for industrial and voluntary carbon credit dollars relevant to deepC Store.
• Mitsubishi Heavy Industries: Japanese engineering conglomerate providing CO2 capture technology (KM CDR process, amine-based systems) used in CCS projects worldwide. A broad incumbent in CCS technology supply that competes with deepC Store for Japanese utility decarbonization projects and may partner with or compete against the CStore1 hub.
• Santos (CCS projects): Australian oil and gas major with active CCS projects (Moomba CCS, Bayu-Undan CCS feasibility). Competitor in Australian offshore CCS acreage and potential partner for deepC Store, given overlapping Australian regulatory familiarity and storage basin expertise.
• Woodside Energy: Australia's largest natural gas producer evaluating CCS at Browse, Scarborough, and Pluto LNG. Competitor in Australian offshore storage acreage and a key sector incumbent whose CCS decisions could either complement or compete with deepC Store's hub strategy.

Emerging players

• Talos Energy (Bayou Bend CCS): U.S. independent operator developing Bayou Bend CCS Hub in the Gulf Coast region with Talos and Carbonvert, targeting storage of CO2 from industrial emitters in a saline aquifer. Comparable emerging CCS hub developer with similar customer base (industrial emitters), though U.S.-focused and onshore/regional.

Others

• Global CCS Institute: International think tank and industry body promoting CCS deployment globally, sharing policy, technical, and project tracking resources with members including deepC Store. Provides market intelligence and convening function rather than competing commercially, but shapes the CCS ecosystem in which deepC Store operates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/deepc-store

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about deepc store