19th August 2024
A new study investigating opportunities in
Western Australia for carbon capture, utilisation and storage (CCUS) and carbon
capture and storage (CCS) is a positive step in finding pathways to decarbonise
the economy, according to Australia’s oil and gas industry.
The Australian Petroleum Production & Exploration Association (APPEA) today backed the study commissioned by the Western Australian LNG Jobs Taskforce, supported by APPEA members bp, Chevron, Eni, Santos, Shell, and Woodside.
APPEA WA
Director Claire Wilkinson said the research would provide critical intelligence
on how best to deploy CCUS and CCS to decarbonise not just the state’s gas
industry but many other sectors as well.
“The oil and gas industry is committed to
achieving net zero greenhouse gas emissions by 2050, with several companies
targeting even earlier timeframes,” Ms Wilkinson said.
“Decarbonising our existing and future
operations means there is a need to invest in renewable energy and lower
emission technologies and this study will help inform the investment
opportunities in this space.
“CCUS and CCS have key roles in lowering the carbon intensity of gas production and in supporting the development of a blue hydrogen industry here in WA, a key enabler to a viable hydrogen industry.
“The study will help us chart a way forward
with natural gas set to be a key part of a cleaner energy mix.”
The study
will be conducted by the CSIRO and the Global Carbon Capture & Storage
Institute and is expected be completed in the second half of this year.
The Western
Australian LNG Jobs Taskforce aims to maximise local jobs and establish WA as a
global LNG hub.
Originally established by the WA Premier in 2018, it comprises of the Minister for State Development, Jobs and Trade; heads of Woodside, Chevron, Shell, Santos, and INPEX, and representatives from APPEA and UnionsWA.
Share this:FacebookTwitterLinkedInShare