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Maritime News - 2022 Nov 10

10 Nov 2022

Chevron, Japan's MOL to Study CO2 Transportation from Singapore to Subsea Storage in Australia

Chevron and MOL have signed a Joint Study Agreement to explore the feasibility of transporting liquified carbon dioxide from Singapore to permanent storage locations offshore Australia. At the signing ceremony in Singapore were Mr. Chris Powers, Vice President, Carbon Capture Utilization and Storage, Chevron New Energies, and Mr. Yasuchika Noma, Executive Officer of MOL. (Photo: Business Wire)

Chevron Corporation and Japan's Mitsui O.S.K. Lines (MOL) have signed an agreement to study the feasibility of transporting liquefied carbon dioxide from Singapore to permanent storage locations offshore Australia. Chevron New Energies International Pte. Ltd, the U.S. oil major's subsidiary, and MOL will explore the technical and commercial feasibility of initially transporting up to 2.5 million tonnes per annum of liquefied carbon dioxide by 2030…

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