Chevron, MOL to explore CO2 shipping from Australia to Singapore

Chevron, MOL to explore CO2 shipping from Australia to Singapore

Energy major Chevron will partner with Japan’s Mitsui O.S.K. Lines (MOL) to study the potential for transporting liquefied carbon dioxide (LCO2) from Singapore to be stored in permanent subsea locations offshore Australia.

Having signed a Joint Study Agreement (JSA) today (10th Nov), subsidiary company Chevron New Energies International (Chevron) and MOL aim to explore the technical and commercial feasibility of transporting up to 2.5m tonnes per annum (Mtpa) of LCO2 by 2030.

The partnership will complement a landmark deal signed last September which saw the formation of a carbon capture, utilisation and sequestration (CCUS) solutions consortium in Singapore.

Read more:Air Liquide and partners to explore CCUS solutions in Singapore

With a focus on reducing emissions across hard-to-abate areas of industry such as energy and chemicals, the consortium also aims to study the potential for utilising captured CO2 to make products such as plastics, fuels and cement, or to be transported by pipelines or ships to underground reservoirs in the Asia Pacific (APAC) region.

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