ExxonMobil, Shell teaming on CCS project

A view of Singapore. ExxonMobil and Shell have formed an S-Hub consortium to evaluate and possibly develop a carbon capture and storage (CCS) project in Singapore. (Image: EDB Singapore)

ExxonMobil and Shell have formed an S-Hub consortium to evaluate and possibly develop a carbon capture and storage (CCS) project in Singapore.

The S-Hub consortium is comprised of ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd. S-Hub and the Singapore Economic Development Board (EDB) signed a Memorandum of Understanding 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. Commitment to go forward will be subject to definitive agreements between the parties.

The S-Hub project plans to capture and securely store CO2 emissions from Singapore deep underground or under the seabed. Storage sites will be selected after undergoing analysis to ensure their suitability.

“As the lead CCS developers with ExxonMobil, we are proud to contribute to Singapore’s decarbonization plans,” said Shell’s Global CCS Vice President Bernhard Koudelka. “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.”