ExxonMobil and Shell work on Singapore CCS project

The S-Hub consortium, comprising ExxonMobil Asia Pacific and Shell Singapore, has been selected to work with the Government as lead developers for a cross-border carbon capture and storage (CCS) project.

S-Hub and the Singapore Economic Development Board (EDB) signed a Memorandum of Understanding in December 2023 to coordinate the planning and development of a CCS project, capable of capturing and permanently storing at least 2.5 million tons of CO2 a year, by 2030.

CCS is one of the few proven and safe solutions to reduce carbon emissions at scale today from heavy industrial sectors such as steel, petrochemicals, and cement.

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