Chevron to enter a CO2 shipping project from Singapore to Australia

Japan's Mitsui OSK Lines Ltd. (MOL) and Chevron Corporation have signed an agreement to explore the possible ways of liquefied carbon dioxide’s transportation from Singapore to permanent storage sites offshore Australia.

 MOL and a subsidiary of Chevron planned to  study the commercial and technical feasibility of initially transporting up to 2.5 million tons per year of liquefied carbon dioxide by 2030, Chevron said in a statement.

Last year, Chevron set a goal of reducing its own emissions to zero by 2050 through carbon capture and storage.

In September, PetroChina, Keppel Infrastructure, Air Liquide and  Chevron signed a memorandum of understanding for advance and evaluation in the sphere of  developing  large-scale CO2 capture, recycling, and storage solutions in Singapore.

Chevron, through its subsidiary Chevron Australia Pty Ltd, is also part of the joint ventures that have been granted a stake in three offshore Australian carbon storage assessment permits.