Shell plc and ExxonMobil Corp. have formed a carbon capture and storage (CCS) consortium, S Hub, that will work with the Singapore Government to potentially develop a cross-border CCS project from Singapore.
ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd. in December 2023 signed a memorandum of understanding with the Singapore Economic Development Board (EDB) to coordinate the planning and development of a CCS project, capable of capturing and permanently storing at least 2.5 million tonnes/year CO2 by 2030.
Commitment to proceed will be subject to definitive agreements between the parties. The aim is to commence the CCS project by 2030, EDB said in a release Mar. 1.
The collaboration includes evaluating the technical feasibility of aggregating CO2 emissions in Singapore and collaborating with international partners to study potential CO2 storage sites.
Singapore recently signed a Letter of Intent (LOI) on cross-border CCS with Indonesia. Under the LOI, both countries will set up a workgroup to discuss CCS cooperation between the two countries.