The project would use existing infrastructure in Gippsland
ExxonMobil to assess Australian CCS potential
Company is in talks with local industries to assess interest in Gippsland hub
ExxonMobil is undertaking pre-Feed work to determine the potential for carbon capture and storage (CCS) in Australia’s Gippsland Basin. The so-called South East Australia CCS hub would initially use existing infrastructure to store CO₂ in the depleted Bream field off the coast of Gippsland, Victoria. The company is in talks with local industries to assess whether they would be interested in using the hub to decarbonise. The project could capture up to 2mn t/yr CO₂ and be operational by 2025. “Collaboration with other industries is an important step to unlock future CCS opportunities for Australia, with the potential for large-scale reductions in the highest-emitting industrial sectors,” says
Also in this section
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub
