(Photo: Shell)
Exxon Mobil and Shell have announced a collaboration with the Singaporean government to initiate a cross-border carbon capture and storage (CCS) project. The partnership aims to significantly dimmish Singapore's CO2 emissions, representing a crucial advancement in the nation's decarbonization efforts.
The Singapore-based branches of these two energy giants — ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd. — have formed the S-Hub consortium to lead the CCS initiative. The project highlights a proactive strategy to tackle the environmental hurdles posed by carbon emissions.
S-Hub and the Singapore Economic Development Board (EDB) inked a memorandum of understanding in December last year to coordinate the development of a CCS project, capable of capturing and storing at least 2.5 million tons of CO2 per year, by 2030. That is roughly equivalent to replacing approximately 1 million gasoline-powered cars with electric vehicles.
Lim Wey-Len, executive vice president of EDB, said, “Carbon capture and storage has the potential to be a key decarbonization pathway for Singapore, especially for sectors with hard-to-abate emissions such as energy and chemicals, power, and waste.”
The project aims to capture and store CO2 emissions from various sectors in Singapore, either underground or beneath the seabed. The selection of storage locations will undergo thorough analysis to ensure their effectiveness and suitability in long-term carbon sequestration.
Irtiza Sayyed, president of ExxonMobil’s Low Carbon Solutions, said, “Our extensive experience managing and building complex cross-border projects, coupled with our core capabilities in CCS, gives us the confidence to accelerate Singapore and the region’s road to net zero.”
Singapore has committed to reducing emissions to around 60 MtCO2e in 2030 after peaking emissions earlier and to achieve net-zero emissions by 2050.
