CO2CRC has welcomed Santos as its latest member company to collaborate on carbon capture and storage (CCS) research and deployment.
As one of the world’s leading CCS research organisations, CO2CRC has invested $125 million in developing and delivering better and more cost-effective technologies in the field.
Santos will contribute to this research and development program by progressing suitable policy settings and regulatory frameworks to accelerate the development of CCS technology in Australia.
CO2CRC CEO David Byers said he is delighted to have a strong Australian gas industry leader join the organisation.
“It [Santos] has a deep heritage in the Cooper Basin in South Australia where it is exploring the opportunity for large scale commercial CCS, with potential injection capacity of 20 million t of carbon dioxide (CO2) per year for 50 years, providing safe and permanent sequestration for a billion t of CO2,” said Mr Byers.
Santos CEO and Managing Director Kevin Gallagher said CCS has the potential to create a new wealth-generating industry for the nation.
“Australia has the potential to be a leader in CCS, built on the availability of vast, high quality storage reservoirs; the technology, expertise and infrastructure of the oil and gas industry; and a strong reputation for the integrity of our environmental regulation, carbon accounting and financial services,” said Mr Gallagher.
As Santos’ operations in the Cooper Basin are perfectly positioned for CCS deployment, Santos believes with its strong infrastructure footprint the basin could become a large-scale commercial hub capturing emissions from a range of industries.
“By collaborating with CO2CRC, we are furthering our commitment to CCS,” said Mr Gallagher.
For more information visit the CO2CRC website.
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