Shell explores carbon transport and storage in Singapore and Brunei

Shell (LON:SHEL) stated in the present day that it’s exploring the feasibility of carbon transport and storage choices for Brunei and Singapore. Considerably, this might probably type a part of a carbon seize and storage (CCS) hub in Southeast Asia.

Shell Jap Petroleum (Shell) has signed a Memorandum of Understanding (MoU) with Brunei Shell Petroleum (BSP), underneath which each events will consider the technical and business feasibility of carbon storage choices in Brunei and carbon transport options from Singapore.

The MoU may also allow cooperation between the 2 nations in growing related insurance policies, stated Shell. This MoU enhances efforts undertaken by the Authorities of Brunei and Singapore to deepen cooperation within the areas of power and inexperienced economic system, similar to CCS1 by means of an MoU signed in August this yr.

“We’re in a superb place to leverage our current relationships and monitor information in Brunei and Singapore to allow the event of a possible CCS hub in Southeast Asia,” stated Agnete Johnsgaard-Lewis, the Managing Director of BSP.

“CCS will assist scale back CO2 emissions from our personal operations, as we rework our manufacturing footprint right here into Shell Vitality and Chemical compounds Park Singapore.” Aw Kah Peng, the Chairman of Shell Firms in Singapore, stated, “It additionally provides a solution to scale back emissions from hard-to-decarbonise industries, similar to these discovered on Jurong Island. This may assist Singapore reduce its carbon footprint as we transition to a decrease carbon economic system.”

Shell’s goal is to change into a net-zero emissions power enterprise by 2050 and its ambition is to have entry to no less than 25 million tonnes a yr of CCS capability by 2035.

The Authorities of Brunei and Shell group every personal a 50% stake in Brunei Shell Petroleum Firm Sdn Bhd (BSP).

In June, Shell informed Vitality Voice that it’s upbeat concerning the alternatives for carbon seize and storage (CCS) in Asia Pacific, because the supermajor explores varied potential storage web site choices throughout its portfolio within the area, which incorporates Australia, Malaysia and Brunei.

CCS includes the mixing of confirmed technical parts – CO2 seize, compression and transport, and storage. Shell is a supplier of CO2 seize applied sciences and its transport enterprise has performed an energetic position within the growth and development of the world’s first vessels particularly designed to hold liquid CO2 derived from CCS.

Shell additionally has a confirmed monitor document of serving to to develop large-scale business tasks that contain the total carbon seize and storage worth chain. These embrace:

a. Constructing and working Quest in Alberta, Canada that has safely saved greater than 7 million tonnes of CO2 since 2015 underneath funds and forward of schedule,

b. Partnering with Equinor and Complete in Norway on venture Northern Lights to move CO2 from industrial sources by ship to a central receiving hub after which ship the CO2 by means of pipeline to an offshore retailer.