Chevron New Energies International and Mitsui OSK Lines have agreed to jointly study the transportation of liquid carbon dioxide from Singapore to permanent storage locations offshore of Australia.

The study will examine the technical and commercial viability of transporting 2.5 million tonnes per annum by 2030, with this volume possibly expanding afterwards. “Developing safe and reliable CO₂ transportation services is a crucial step in developing large scale carbon capture, utilisation, and storage solutions. We are pleased to partner with MOL to explore commercially-ready solutions to focus on realising this goal,” said Mark Ross, president of Chevron Shipping Company.

In September, Air Liquide, Chevron, Keppel Infrastructure, and PetroChina announced a memorandum of understanding to “evaluate and advance the development of large-scale carbon capture, utilisation, and sequestration solutions and integrated infrastructure in Singapore”, while Chevron and its partners were awarded interests in three greenhouse gas assessment permits for storage of CO₂ offshore of north and western Australia.