ExxonMobil and Shell to Work With Singapore on Carbon Capture and Storage

ExxonMobil and Shell have formed a consortium to evaluate and develop a cross-border carbon capture and storage (CCS) project for reducing carbon dioxide (CO2) emissions in Singapore.

The S-Hub consortium, comprising ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd., will work with the Government of Singapore as lead developers for a cross-border 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. Commitment to proceed will be subject to definitive agreements between the parties.

The S-Hub project plans to capture and securely store CO2 emissions from Singapore deep underground or under the seabed. Storage sites will be selected after undergoing rigorous analysis to ensure their suitability.

CCS is one of the few proven and safe solutions to reduce CO2 emissions at scale today from heavy industrial sectors such as steel, petrochemicals and cement.

Shell’s Global CCS Vice President Bernhard Koudelka, said, “As the lead CCS developers with ExxonMobil, we are proud to contribute to Singapore’s decarbonisation plans. With our global track record and deep expertise in developing CCS hubs with over 10 million tons of carbon dioxide captured to date, we have the experience needed in bringing together multiple partners and emitters to establish a complex cross border CCS network.”