ExxonMobil, Shell to Work with Singapore on Carbon Capture and Storage Project
03.01.2024 By Tank Terminals - NEWS

March 1, 2024 [Investing]- Global energy majors Exxon Mobil and Shell will work with Singapore to develop a cross-border carbon capture and storage (CCS) project, both companies said on Friday.

 

The Singapore-based units of the two companies, ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd., have formed the S-Hub consortium to work with the Singapore government as lead developers for the CCS project to reduce the country’s carbon dioxide (CO2) emissions.

“S-Hub and the Singapore Economic Development Board (EDB) signed a memorandum of understanding in December 2023 to coordinate the planning and development of a CCS project, capable of capturing and permanently storing at least 2.5 million tons of CO2 a year, by 2030,” they said in a joint statement.

The project will store CO2 emissions from Singapore deep underground or under the seabed. The storage sites will be selected after undergoing analysis to ensure suitability, it added.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Becht Explores High-Temp Corrosion in Renewable Diesel & Aviation Fuel Production
04.15.2024 - NEWS
April 15, 2024 [Storage Terminals Magazine]- In recent years, the production of renewable diesel ... Read More
Niger and China Sign Crude Oil MOU Worth $400 mln, Says Niger State TV
04.15.2024 - NEWS
April 15, 2024 [Reuters]- Niger has signed a memorandum of understanding with Chinese state-owned... Read More
Uzbekistan Chases Chemical Hub Dream with Chinese Polymer Tech
04.15.2024 - NEWS
April 15, 2024 [Nikkei Asia]- An ambitious economic transformation effort gaining steam in Uzbeki... Read More
Astrid Maersk Arrives in Shanghai for First Green Methanol Bunkering in China, in Partnership with SIPG
04.15.2024 - NEWS
April 15, 2024 [Hellenic Shipping News]- Maersk, a global leader in integrated container logistic... Read More