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14 Aug 2024 Energy

Vopak sign MoU to develop CO2 import terminal

Australia’s Northern Territory is positioning itself as a global leader in low-emissions energy with an MoU bringing carbon capture and storage (CCS) another step closer.

The Northern Territory Government and global independent infrastructure provider Vopak signed an MoU in late July to develop a storage common-user hub, including a C02 import terminal, at the Middle Arm Sustainable Development Precinct.

The MoU frames how the Government and Vopak will cooperate to progress the development of common user CO2 import, storage, and handling infrastructure in Darwin.

Various companies will be able to use the large-scale hub, along with shared carbon capture utilisation and storage (CCUS), to help manage carbon dioxide emissions and support the deployment and scale-up of C02 utilisation opportunities.

An NTG spokesperson said the project contributes to the Northern Territory’s goal of transitioning to net zero by 2050.

“To achieve the policy of net zero emissions by 2050, new emissions must be minimised, and remaining emissions must be compensated through improved technologies and strategies like CCS.

“Importantly, CCS will make a significant contribution to the reduction of carbon emissions from our strategic trading partners who don’t have sufficient carbon capture storage fields.”

Vopak has been contributing to the energy security and economic development of the Northern Territory with their operations in East Arm for almost 20 years.

“This agreement leverages Vopak’s global expertise in developing infrastructure solutions to accelerate the energy transition worldwide,” said the spokesperson.