Chevron, MOL to study CO2 shipping from Singapore to Australia
Chevron Corp., through its Chevron New Energies International Pte. Ltd. (Chevron) subsidiary, and Mitsui O.S.K. Lines, Ltd. (MOL) will explore the technical and commercial feasibility of transporting liquified CO2 from Singapore to permanent storage sites offshore Australia.
“Developing safe and reliable CO2 transportation services is a crucial step in developing large scale Carbon Capture, Utilization, and Storage (CCUS) solutions, said Mark Ross, president of Chevron Shipping Co., in a release Nov. 10 noting the joint study agreement.
Under the JSA, the companies will study feasibility of initial transport of up to 2.5 million tonnes/year (tpy) of liquified CO2 by 2030.
The JSA will complement work to be advanced by a consortium to explore solutions for large-scale carbon capture, transport and permanent storage of CO2 from Singapore (OGJ Online, Sept. 21, 2022). Through its part in three joint ventures, Chevron was also recently granted an interest in three greenhouse gas assessment permits offshore Australia (OGJ Online, Sept. 6, 2022).
