Gorgon injected a third of carbon dioxide last year
Chevron-operated project injected just 1.65mn t of the 5mn t it produced
Chevron’s Gorgon carbon capture and storage project—the largest of its kind in the world—injected just a third of the CO₂ produced by its gas export plant in the 2021–22 financial year, according to an environmental report from the company released last month. Chevron was licensed to build the $54bn gas export plant on the condition it would “implement all practicable means” to inject at least 80pc of the CO₂ it emitted. But it actually injected just 1.65mn t CO₂ of the 5mn t produced, according to the report. The company says there are two main reasons for the shortfall. First, the regulatory limitations on injection rates in place until late 2021 and, second, reduced water production from
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation