Exxon Mobil Corp said on Monday that its carbon capture and storage centre in southeastern Australia will use existing infrastructure to operate a depleted oil field in the Brim field off the coast of Gippsland, Victoria, Australia.
Storing carbon dioxide to reduce greenhouse gas emissions from multiple industries in Australia's Gippsland Basin
ExxonMobil said it is currently conducting design studies on front-end engineering to determine the potential for carbon capture and storage
The project is expected to be operational around 2025 and will capture more than 2 million tonnes of carbon dioxide per year
Exxon Mobil also revealed that there are currently many local carbon dioxide emission-intensive companies hoping to reduce carbon dioxide emissions through the company's operations
ExxonMobil's president of low carbon solutions, Joe Blommaert, said the partnership with other industries was an important step in unlocking Australia's future of carbon capture and storage, and companies in industries with high carbon dioxide emissions will also reduce carbon emissions on a large scale