Keppel Infrastructure, Air Liquide, Chevron and PetroChina have, on Sept 21, signed a memorandum of understanding (MOU) to form a consortium to evaluate and advance the development of large-scale carbon capture, utilisation, and sequestration (CCUS) solutions and integrated infrastructure in Singapore.
According to the statement put out by the companies, the consortium intends to research, test, and develop technological, logistical, and operational solutions for CCUS in Singapore. In doing so, the consortium will look to provide industry-wide CCUS integrated infrastructure, primarily to support the energy and chemicals sector, by capturing and aggregating carbon dioxide from large industrial emitters at a centralised collection facility.
“Hard-to-abate sectors need to leverage technology and innovation to transit towards net zero carbon dioxide emissions. Keppel Infrastructure is well-positioned to support efforts to decarbonise key sectors, given our experience as a leading developer, technology solutions provider and operator of energy and environmental infrastructure in Singapore and the region,” says Chua Yong Hwee, executive director (new energy), Keppel Infrastructure.
“In line with Keppel’s Vision, 2030, which places sustainability at the core of its strategy, our collaboration with Air Liquide, Chevron and PetroChina will enable us to take another step towards addressing Singapore’s needs for a low carbon economy,” Chua adds.
Shares in Keppel closed 7 cents higher or 0.98% up at $7.24 on Sept 21.
