What milestone has Santos' Moomba CCS project achieved, and how does it compare to its 2030 target?

Santos' Moomba CCS project has safely and permanently stored 2 million tonnes of carbon dioxide equivalent (CO₂-e), achieving its 2030 emissions reduction target five years ahead of schedule. This milestone was reached in just 18 months of operation, despite overcoming two major flood events, and marks the project as Australia’s largest onshore CCS facility.

How much CO₂-e did the Moomba CCS project sequester in the 2024/25 financial year, and what is its significance under Australia’s Safeguard Mechanism?

In the 2024/25 reporting year, the Moomba CCS project sequestered approximately 1 million tonnes of CO₂-e — a volume equivalent to about one-third of the total emissions reduction required annually under Australia’s Safeguard Mechanism. This underscores its substantial contribution to national industrial emissions abatement.

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Santos' Moomba CCS Project Achieves 2030 Emission Reduction Target Early

Jun 1, 2026

Santos announced its Moomba CCS facility has permanently stored 2 million tonnes of CO2e, achieving its 2030 target five years ahead of schedule. The project serves as a key node for industrial carbon management and generated over 1.19 million carbon credits.

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