BP and Australian gas producer Santos are teaming up to develop a carbon capture and storage project in the Cooper Basin in central Australia, which would inject 1.7 million tonnes a year of CO 2 into a former gas reservoir.
BP and Australian gas producer Santos are teaming up to develop a carbon capture and storage project in the Cooper Basin in central Australia, which would inject 1.7 million tonnes a year of CO2 into a former gas reservoir.
The Cooper Basin project could eventually be expanded to inject 20 million tonnes a year. That would be five times bigger than Australia’s only operating CCS project, a $1.3 billion site at the Gorgon LNG plant off Western Australia, which is currently one of the world’s biggest commercial CCS sites, operated by Chevron.
Another CCS project is being prepared by Glencore in the state of Queensland, which could also reach a final investment decision later this year.
A third project, being supported by the Australian government, is a Japanese-backed plan to produce hydrogen from brown coal, with the CO2 stored under the Bass Strait.
Australia’s energy and emissions reductions minister Angus Taylor said the government is reducing investment in wind and solar and increasing spending in hydrogen and CCS.
