The S-Hub consortium, comprising ExxonMobil Asia Pacific and Shell Singapore, has been selected to work with the Government as lead developers for a cross-border carbon capture and storage (CCS) project.
S-Hub and the Singapore Economic Development Board (EDB) signed a Memorandum of Understanding in December 2023 to coordinate the planning and development of a CCS project, capable of capturing and permanently storing at least 2.5 million tons of CO2 a year, by 2030.
CCS is one of the few proven and safe solutions to reduce carbon emissions at scale today from heavy industrial sectors such as steel, petrochemicals and cement.
ExxonMobil’s low carbon aolutions Asia Pacific president, Irtiza Sayyed said: “We are pleased to be selected to lead this opportunity in collaboration with the EDB, Shell, regional governments and other industry partners. 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 path to net-zero.”
Shell’s global CCS vice-president Bernhard Koudelka, said: “As the lead CCS developers with ExxonMobil, we are proud to contribute to Singapore’s decarbonisation plans. With our global track record and deep expertise in developing CCS hubs with over 10 million tons of carbon dioxide captured to date, we have the experience needed in bringing together multiple partners and emitters to establish a complex cross border CCS network.”
The EDB’s executive vice-president Lim Wey-Len said: “Carbon capture and storage has the potential to be a key decarbonisation pathway for Singapore, especially for sectors with hard-to-abate emissions such as energy and chemicals, power, and waste. We are pleased to appoint S-Hub to study and develop a CCS project with partners in the region.
“This is part of the government’s ongoing efforts to build a portfolio of decarbonisation measures to realise our climate change targets.”
ExxonMobil and Shell work on Singapore carbon capture project
