Decarbonization Exxon Mobil to Develop CCS Project in Australia
Exxon Mobil is currently carrying out early front-end engineering design studies to explore the potential for developing a carbon capture and storage project – South East Australia carbon capture and storage in the Gippsland Basin. The project is expected to capture up to 2 million metric tons of CO2 annually and could be operational by 2025.
Texas/USA – Exxon Mobil has recently announced that it is undertaking early front-end engineering design studies (pre-Feed) to determine the potential for carbon capture and storage to reduce greenhouse gas emissions from multiple industries in the Gippsland Basin.
The South East Australia carbon capture and storage (Sea 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 active discussions with local industries which may be interested in accessing the Sea CCS hub to reduce emissions from their operations.
The project is designed to capture up to 2 million metric tons of CO2 per year. If technical and business feasibility is confirmed, the Sea CCS hub could be operational by 2025.
“Collaboration with other industries is an important step to unlock future carbon capture and storage opportunities for Australia, with the potential for large-scale reductions in the highest emitting industrial sectors,” said Joe Blommaert, president of Exxon Mobil Low Carbon Solutions. “Sound government policies will accelerate the deployment of key technologies required to support society’s ambition for a net-zero future.”