Vopak and Northern Territory Government partner on CO2 import terminal in Australia
Vopak announced that it has signed a Memorandum of Understanding (MoU) with the Northern Territory Government to develop a common-user infrastructure, including a CO2 import terminal in the Middle Arm Sustainable Development Precinct in the Northern Territory, Australia.
The MoU outlines the collaboration between the government and Vopak to advance the establishment of shared CO2 import, storage, and handling infrastructure in Darwin.
Paul Kanters, Managing Director, Vopak Terminals Australia, said, “For nearly 20 years, Vopak has been contributing to the energy security and economic development in East Arm near Darwin city. This project not only signifies our ongoing commitment to growth but also contributes to playing a role in decarbonisation ambitions for both the Northern Territory and Australia.”
He added, “Together with the Northern Territory Government, we look forward to playing a key role in Australia’s transition to net zero. This development of CO2 infrastructure is fully in line with Vopak’s global strategy to develop infrastructure solutions to accelerate the energy transition.”
Also read: Aker Carbon Capture advances decarbonization with projects in Norway
The infrastructure for importing, storing, and handling CO2 will be created to efficiently and conveniently manage the import, storage, and distribution of carbon dioxide. This facility will be a shared resource that multiple companies can use to help regulate CO2 emissions.
CO2 could be sourced from industrial plants that capture it to prevent its release into the atmosphere and from neighbouring countries.
Once the CO2 is imported, it will be stored safely in large tanks before being transported to a permanent destination, such as underground CCS facilities, or it can be recycled for utilization (CCUS).
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