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
24 January 2025
Progress on the energy transition has slowed or even stopped, with greater societal engagement we can revitalise it
23 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
14 January 2025
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
