SINGAPORE: A carbon capture project in Singapore led by oil giants Exxon Mobil Corp and Shell Plc is seeking bids for transport and storage of the gas, as part of the country’s efforts to limit industrial emissions.
The S-Hub consortium, which is the lead developer, “has issued a request for proposal to companies across Asia Pacific for the provision of services to transport and store carbon dioxide,” a spokesman from Singapore’s Energy Market Authority said in response to a Bloomberg query.
The feasibility study for the cross-border carbon capture and storage project was started last year, with the aim of storing emissions from sectors such as oil and gas under the seabed or deep underground.
Indonesia and Malaysia are among the few countries in Asia where CO2, once captured, can be viably stored underground.
“Exxon Mobil has secured ‘exclusive’ rights to CO2 storage in Indonesia and Malaysia,” CEO Darren Woods said in 2023.