Santos Ltd. has announced the beginning of operations at the Moomba carbon capture and storage (CCS) project in the Cooper Basin, Australia. Moomba is already at full injection rates and is calculated to have a storage capacity of up to 1.7 million metric tonnes per annum (MMtpa) of carbon dioxide.
Moomba is owned by Santos with a 66.7 operating stake in partnership with Beach Energy, which holds the remaining share. In 2021, the Australian Carbon Capture, Use and Storage Development Fund granted the initiative a US$10m grant.
Several memorandums of understanding (MoU) with potential clients in and outside Australia have already been signed for Moomba.
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