The S-Hub consortium, including ExxonMobil Asia Pacific PTE. Ltd. and Shell Singapore PTE. Ltd., is delighted to be nominated to work with the Government of Singapore as chief developers for a cross-border carbon capture and storage (CCS) plan.
S-Hub and the Singapore EDB (Economic Development Board) contracted an MOU (Memorandum of Understanding) in December 2023 to organize the planning and development of a carbon capture and storage scheme, proficient in capturing and permanently stowing at least 2.5 million loads of carbon dioxide per year, by 2030. Obligation to proceed will be subject to conclusive agreements between the parties.
The S-Hub development plans to capture and firmly store carbon dioxide emissions from Singapore deep underground or under the ocean floor. Storage sites will be carefully chosen after undergoing severe analysis to confirm their suitability.
ExxonMobil’s Low Carbon Resolutions Asia Pacific President, Irtiza Sayyed stated that they are pleased to be nominated to lead this opportunity in association with the EDB, Shell, regional governments, and further industry associates. Their wide-ranging experience managing and building composite cross-border plans, coupled with their core capabilities in carbon capture and storage, gives them the self-assurance to accelerate Singapore and the area’s path to net zero.”
ExxonMobil and Shell have designed an S-Hub consortium to estimate and develop a cross-border carbon capture and storage scheme for dropping carbon dioxide (CO2) emissions in Singapore.
Carbon capture and storage is expected to play an important role in supporting large-scale emissions reduction, mainly from hard-to-decarbonize manufacturing units.
The Economic Development Board’s Executive Vice President Lim Wey-Len stated that the Carbon capture and storage initiative has the potential to be an important decarbonization pathway for Singapore, especially for segments with hard-to-abate releases such as energy and chemicals, power, and waste. They are delighted to appoint S-Hub to study and advance a Carbon capture and storage plan with partners in the region. This is part of the government’s continuing efforts to build a portfolio of decarbonization measures to realize their climate change goals.