Santos (ASX:STO) said that its next milestone at the Moomba carbon capture and storage project in South Australia is the transportation of carbon dioxide from hard-to-abate industries such as the Whyalla or Port Kembla steelworks as well as from large-scale industrial hubs across Asia to the facility, according to a Friday statement.
The firm took a final investment decision for the Moomba project, the seventh largest such project in the world, in 2021.
The firm is working with customers in Japan to look at expanding the project.
It is also advancing plans for a proposed carbon capture and storage project hub at the Bayu-Undan gas field in the Timor sea, and it is working with the government of East Timor to advance the memorandum of understanding for the hub.
A recent Low Emissions Technology Australia and EY report noted the potential of carbon capture and storage as an industry that could inject tens of billions into the Australian economy and deliver thousands of new jobs.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。