Santos Ltd has announced its entry into the Carbon Capture Utilisation and Storage Network of Australia, marking a significant step in the company’s commitment to decarbonisation.
Global experts, including the International Energy Agency and the Intergovernmental Panel on Climate Change, have highlighted the importance of carbon capture and storage technology in achieving Net Zero emissions. By joining this pioneering network, Santos aims to enhance collaboration across the entire CCUS value chain and accelerate the deployment of CCS solutions.
Santos’ Moomba CCS project, along with the planned Bayu-Undan CCS development, will not only store carbon dioxide from its own operations but also from third-party sources. This positions Santos at the forefront of decarbonisation efforts in Australia and Asia. The company sees this as a vital step towards meeting the growing demand for low-carbon energy solutions while laying the foundation for a new industry that will generate skilled jobs and create new revenue streams for local regions.
For more information visit www.santos.com
