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

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in Subscribe now
to get full access Register now
for a free trialAny questions?
Contact us

Comments

Comments

{{ error }}

Add Comment

{{ comment.comment.Name }} Editor • {{ comment.timeAgo }}

{{ comment.comment.Text }}