The S-Hub consortium, comprising ExxonMobil Asia Pacific and Shell Singapore, has been selected to work with the Government of Singapore as lead developers for a cross-border carbon capture and storage (CCS) project.
S-Hub and the Singapore Economic Development Board (EDB) signed a Memorandum of Understanding (MOU) in December 2023 to coordinate the planning and development of a CCS project, capable of capturing and permanently storing at least 2.5 million tonnes of CO2 a year, by 2030.
The 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.
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