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Shell advances Southeast Asia carbon capture and storage hub plans

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Shell advances Southeast Asia carbon capture and storage hub plans

UK supermajor Shell is to explore the feasibility of carbon transport and storage opportunities for Singapore and Brunei Darussalam that could potentially form part of a carbon capture and storage (CSS) hub in Southeast Asia. - UpstreamOnline

Shell Eastern Petroleum and Brunei Shell Petroleum — the 50:50 joint venture between the industry heavyweight and the Brunei government — signed a memorandum of understanding on Tuesday on the sidelines of the Singapore International Energy Week event. Both companies will evaluate the technical and commercial feasibility of carbon storage options in Brunei Darussalam and carbon transport solutions from Singapore.

The MoU will also enable co-operation between the two Asean nations in developing relevant policies. The two countries are already working together to strenghen co-operation in the energy sector and green economy including CCS.

We are in a good position to leverage our existing relationships and track records in Brunei and Singapore to enable the development of a potential CCS hub in Southeast Asia. CCS will help reduce carbon dioxide emissions from our own operations, as we transform our manufacturing footprint here into Shell Energy and Chemicals Park Singapore.

BSP managing director Agnete Johnsgaard-Lewis

It also offers a way to reduce emissions from hard-to-decarbonise industries, such as those found on Jurong Island. This will help Singapore cut its carbon footprint as we transition to a lower carbon economy.

Aw Kah Peng, chairperson of Shell Companies in Singapore

Shell’s target is to become a net-zero emissions energy business by 2050 and its ambition is to have access to at least 25 million tonnes per annum of CCS capacity by 2035.

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