Santos' successful launch of its Moomba CCS project in South Australia has boosted confidence in the technology's scalability. The company explores expanding the site and talks with Japanese companies to import and store emissions.
Oil and gas giant Santos has announced the successful startup of its carbon sequestration site in South Australia's desert, boosting its confidence in the technology's scalability. This development comes as Santos initiates discussions with Japan ese companies about potentially importing and storing their emissions at the site.
Located in the Cooper Basin, approximately 800 kilometers north of Adelaide, the Moomba carbon capture and storage (CCS) project involves injecting carbon dioxide into depleted gas reservoirs. CCS, a technology designed to capture greenhouse gas emissions from industries like power plants and heavy manufacturing and store them underground, has been a subject of debate, with critics arguing it's too expensive and unproven. Recent technical issues at Chevron's Gorgon project, the world's largest CCS operation off the coast of Western Australia, have fueled these concerns, as the project has fallen short of its performance targets and operated at less than half its intended capacity. However, the Moomba CCS project, launched in October, has reportedly ramped up to full injection rates faster than anticipated and met performance expectations, according to Santos Chief Executive Kevin Gallagher. This success has given Santos greater confidence in its ability to deliver on its promise of large-scale, cost-competitive emissions reduction.Santos is already exploring expansion plans at Moomba and has reached a non-binding agreement with Chubu Electric, a leading Japanese power utility, to evaluate the feasibility of shipping captured emissions from Nagoya Port to the Moomba CCS site for permanent storage. Chubu Electric will assess transportation methods and costs. Despite the potential of CCS, its role remains controversial globally. Supporters, including the oil and gas industry and the Australian government, argue it's crucial for curbing planet-warming emissions and mitigating climate change, particularly in sectors resistant to complete decarbonization, such as steel and cement manufacturing.Conversely, environmental groups and the Greens express skepticism about CCS, contending that focusing on emissions storage diverts attention from decarbonizing processes and could be used to delay the transition away from fossil fuels. CCS technology is still in its early stages, with only 50 commercial projects worldwide. Operated as a joint venture between Santos and Beach Energy, Moomba has already stored 340,000 tonnes of carbon dioxide-equivalent. Gallagher stated that at full injection rates, Moomba CCS avoids more emissions every four days than 10,000 electric cars do in a year
CARBON CAPTURE AND STORAGE CCS CLIMATE CHANGE EMISSIONS REDUCTION SANTOS JAPAN
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Rise of Young Stars in Tennis and the Legacy of Junior SuccessThis article explores the emergence of promising young tennis players like João Fonseca, Learner Tien, Jakub Menšík, Mirra Andreeva, and Emerson Jones, who are making waves on the grand slam stage. It examines the history of junior grand slam success, highlighting the challenges young players face in transitioning to the professional ranks. The article also discusses the disparity between junior and senior success, using historical examples like Novak Djokovic, Roger Federer, and Rafael Nadal.
Read more »
‘We weren’t the next big thing’: Irish singer-songwriter’s unusual path to successGlen Hansard began his career in the music industry as a street busker.
Read more »
‘We weren’t the next big thing’: Irish singer-songwriter’s unusual path to successGlen Hansard began his career in the music industry as a street busker.
Read more »
Can Australia's Labor Party Learn From Mexico's Cost-of-Living Success?Mexico's recent election victory offers valuable lessons for Australia's Labor Party as they face rising living costs and an upcoming election. The article analyzes how Mexican President Claudia Sheinbaum's focus on social programs and symbolic actions resonated with voters, suggesting potential strategies for the Australian government.
Read more »
‘Imagine the success’: Pat Cash issues rallying cry amid Australian resurgenceThe depth of local talent is as good as it has been for years but two-time finalist wants tennis greats to help find the next Australian Open champion
Read more »
Apprentice Roper Eyes City Success in Wet ConditionsLocal apprentice Anna Roper is poised for a successful weekend at Wyong's first stand-alone city meeting, hoping to capitalize on the wet weather conditions with several promising rides.
Read more »