Santos, JX, and ENEOS: A Joint Initiative in Carbon Capture and Storage

2 min read | December 18, 2023 06:48 PM AEDT | By Team Kalkine Media

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Santos, in collaboration with JX and ENEOS, is embarking on a groundbreaking venture focusing on carbon capture and storage (CCS), aiming to significantly contribute to environmental sustainability and mitigate carbon emissions.

Expanding the Moomba CCS Project: Transformation in Cooper Basin

The collaborative effort seeks to expand the Moomba Carbon Capture and Storage Project, aiming to transform the Cooper Basin region. This expansion signifies a major step towards enhancing the effectiveness of carbon storage initiatives.

Completion Progress and Timeline: First Injection Set for 2024

As of the latest update, the first phase of the Moomba CCS Project is reported to be 75% complete, staying on track for the inaugural injection anticipated in 2024. This timeline underlines the commitment towards prompt and efficient implementation.

Cost and Capacity Details: Targeted Breakeven Costs and Storage Capacity

The Moomba CCS Project has set an ambitious target, aiming for a lifecycle breakeven storage cost of approximately US$24 per tonne. Additionally, the project is expected to have the capacity to store up to 1.7 million tonnes of CO2 annually, signifying its substantial potential impact.

In conclusion, the collaboration between Santos, JX, and ENEOS showcases a pioneering effort in the realm of carbon capture and storage, marking a pivotal milestone towards environmental stewardship.

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