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
1 July 2025
Supportive government policy, deforestation threat and economic opportunity drive forward the region’s monetisation of forest carbon
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
19 June 2025
Andean country has become a leading destination for voluntary carbon credit investment, but challenges remain
