Media Release: New MoU strengthens Korea–Australia partnership on carbon management
November 12, 2026
Signed in Perth, Western Australia, at a forum attended by 56 representatives from 30 Korean and Australian organisations, the Memorandum of Understanding (MoU) provides a framework for dialogue and collaboration on carbon management between the CCUS associations for Korea and Australia.
(From left to right: Mr Jeremy Jebamoney of ACV,
Mr Abdul Ekram of Austrade, Dr Hoseob Lee of KCCUSA,
Mr Daein Cha of CCUSNA, Ms Wenona Hadingham of DEED, and
Mr Mousa Namavar of slb)
KCCUSA and CCUSNA have signed a Memorandum of Understanding (MoU) to support cooperation and exchange on carbon management between the Republic of Korea and Australia.
The MoU was executed on 27 October at the “Korea–Australia CCUS Partnership for Security, Resilience & Decarbonisation Forum,” hosted in Perth by CCUSNA in collaboration with KCCUSA. The forum was co-sponsored by the Western Australian Department of Energy and Economic Diversification (DEED), Australian Trade and Investment Commission (Austrade), and CCUSNA Corporate Members slb and Australian Carbon Vault (ACV).
The forum brought together 56 senior representatives from 30 Korean and Australian organisations, including government, industry and research participants.
The MoU records the organisations’ intention to promote cooperation and facilitate exchanges of knowledge, information and professional expertise relating to carbon capture, utilisation and storage (CCUS), a suite of technologies that can support carbon management. Areas for dialogue include policy and regulatory developments, CCUS value chain development, information sharing on existing and emerging projects, workforce development and international cooperation on CCUS.
Chair for CCUSNA Mr Daein Cha said, “The MoU gives CCUSNA and KCCUSA a platform to deepen bilateral dialogue and explore how Australia’s geological storage potential and project delivery capabilities can complement Korea’s technology, capital and long-term demand to advance cooperation for supporting energy security, industrial resilience and decarbonisation.”
Director General for KCCUSA Dr Hoseob Lee said, “Building on KCCUSA’s annual delegations to Australia since 2022, this MoU gives KCCUSA and CCUSNA a practical basis to sustain knowledge exchange, connect our complementary capabilities and advance future collaboration on carbon management.”
The forum also featured keynote addresses and a panel discussion on the role of CCUS in industrial decarbonisation, energy security and economic resilience. Participants discussed the conditions needed to advance commercially viable cross-border projects, including policy certainty, confidence in storage performance, coordination across the value chain and cooperation between industry and government.
(From left to right: Mr Jeremy Jebamoney of ACV,
Mr Yutaek Seo of Hyundai E&C, Ms Eunsoo Jung of KCCUSA,
Mr Mousa Namavar of slb, and Philip Hassett of CCUSNA)
(56 attendees from 30 Korean and Australian organisations celebrated
the MoU signing and engaged in discussion of trade, investment and cooperation.)
The event showcased Australian and Western Australian capabilities in geological storage, research and technical expertise, project delivery and CCUS services. Of the 15 Australian organisations represented, 13 are headquartered or have regional offices in Western Australia.
Executive Director of Planning, Analysis and Decarbonisation Policy for DEED Ms Wenona Hadingham said, “The collaboration between CCUSNA and KCCUSA can help bring Korean and Western Australian stakeholders together to explore how CCS can complement Western Australia’s renewable energy transition by addressing emissions from LNG and hard-to-abate industries.”
Media enquiries:
CCUSNA Communication Subcommittee E: comms@ccusna.com.au