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Chevron Company, via its Chevron New Energies Worldwide Pte. Ltd subsidiary, and Mitsui O.S.Ok. Traces, Ltd (MOL) have introduced the signing of a joint examine settlement (JSA) on the feasibility of transporting liquified carbon dioxide (CO2) from Singapore to everlasting storage places offshore Australia.
Beneath the JSA, Chevron and MOL will discover the technical and business feasibility of initially transporting as much as 2.5 million tpy of liquified CO2 by 2030.
The JSA will complement work to be superior by a lately introduced consortium to discover options for giant scale carbon seize, transport and everlasting storage of CO2 from Singapore. Via its half in three joint ventures, Chevron was additionally lately granted an curiosity in three greenhouse gasoline evaluation permits offshore Australia.
“Creating secure and dependable CO2 transportation companies is an important step in growing giant scale carbon seize, utilisation, and storage (CCUS) options. We’re happy to associate with MOL to discover commercially-ready options to give attention to realising this objective,” stated Mark Ross, President of Chevron Delivery Firm.
“We anticipate this settlement with MOL to advance the technical and business foundations for a regional method to CCUS, which may present progress towards the area’s net-zero ambitions. No single entity has all of the options, however real collaboration may also help us unlock alternatives as we advance our shared objective of a decrease carbon future,” added Chris Powers, Vice President, CCUS, Chevron New Energies.
“As a developer and a supplier of social infrastructure service along with conventional transport, MOL is honoured and excited to have a chance to collaborate with Chevron for opening up CCUS options within the Asia Pacific area. We hope to broaden our collaboration to wider areas of options for decarbonisation together with CCUS and renewable energies globally,” stated Yasuchika Noma, Government Officer of MOL.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/10112022/chevron-and-mol-to-study-co2-shipping-from-singapore-to-australia/
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