ExxonMobil and Shell have established a consortium to develop a cross-border carbon capture and storage (CCS) project in Singapore.

The S-Hub consortium will work with the Singapore Government on the CCS project, which aims to significantly reduce CO₂ emissions.

A related memorandum of understanding has been signed by ExxonMobil Asia Pacific and Shell Singapore with the Singapore Economic Development Board (EDB) to plan and develop a CCS project.

The proposed project is expected to capture and permanently store at least 2.5 million tonnes of CO₂ annually by 2030.

ExxonMobil low carbon solutions Asia-Pacific president Irtiza Sayyed said: “We are pleased to be selected to lead this opportunity in collaboration with the EDB, Shell, regional governments and other industry partners.

“Our extensive experience managing and building complex cross-border projects, coupled with our core capabilities in CCS, gives us the confidence to accelerate Singapore and the region’s path to net zero.”

The project aims to capture CO₂ emissions from Singapore's industrial sectors and securely store them deep underground or beneath the seabed.

Potential storage sites will undergo extensive analysis to confirm their suitability and ensure safety.

EDB executive vice-president Lim Wey-Len said: “Carbon capture and storage has the potential to be a key decarbonisation pathway for Singapore, especially for sectors with hard-to-abate emissions such as energy and chemicals, power and waste.

“We are pleased to appoint S-Hub to study and develop a CCS project with partners in the region. This is part of the government’s ongoing efforts to build a portfolio of decarbonisation measures to realise our climate change targets.”

Recently, EnLink Midstream collaborated with ExxonMobil to explore additional CCS opportunities along the Gulf Coast.