Woodside JV looks to develop carbon capture and storage project
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The news: The Woodside Energy-operated Angel CCS joint venture will collaborate with Yara Pilbara Fertilisers to study the feasibility of using carbon capture and storage to decarbonise Yara Pilbara's existing operations near Karratha in Western Australia.
The numbers: Woodside said its joint venture is proposing to develop a large-scale, multi-user carbon capture and storage (CCS) hub with a potential processing capacity of up to 5 million tonnes of carbon dioxide a year, making it one of the largest CCS hubs in Asia-Pacific.
The context: Yara Bilbara, a wholly-owned subsidiary of Norway's Yara International, has signed a non-binding memorandum of understanding with the Angel CCS joint venture to examine whether CCS could be used to decarbonise their current operations in the Burrup Strategic Industrial Area.
In addition to the domestic applications, the Angel CCS joint venture is also continuing to explore the potential for the CCS hub to service international customers, which could help reduce the emissions of Australia's key trading partners while also creating a new export opportunity for Australia.
The JV comprises of Woodside Energy, BP Developments Australia, Japan Australia LNG — which is owned equally by Mitsubishi Corporation and Mitsui & Co — Shell Australia and Chevron Australia.
What they said: Woodside vice president for carbon solutions, Jayne Baird, said: "A multi-user CCS hub near Karratha would be ideally located to aggregate emissions from various existing industrial emissions sources across the Pilbara, providing users with advantaged access to a local, low-cost and large-scale emissions abatement solution — a competitive advantage as jurisdictions around the world implement emissions reduction targets".
"In addition to decarbonising existing industry, a CCS hub would also have the potential to facilitate the development of new lower-carbon industries, such as the production of hydrogen, ammonia and green steel, supporting the diversification of the Western Australia economy," she said.
The source: Woodside announcement
