Shell to explore carbon transport and storage in Brunei, Singapore

Shell Jap Petroleum (Shell) has signed a memorandum of understanding (MoU) with Brunei Shell Petroleum Firm Sdn Bhd (BSP) to discover the feasibility of carbon transport and storage choices for Brunei and Singapore. This might probably type a part of a carbon seize and storage (CCS) hub in Southeast Asia.

Below the MoU, each events will consider the technical and industrial feasibility of carbon storage choices within the Sultanate and carbon transport options from Singapore. The MoU can even allow cooperation between the 2 international locations in creating related insurance policies. This MoU enhances efforts undertaken by the Authorities of Brunei Darussalam and Singapore to deepen cooperation within the areas of vitality and inexperienced financial system, corresponding to CCS via an MoU signed in August this 12 months.

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