- Chevron (NYSE:CVX) says it has launched operations of one of the world's largest carbon capture and storage plants, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project.
- The project was delayed by more than two years after CVX discovered problems with valves and pipeline equipment during commissioning of the A$2.5B (US$1.7B) injection system.
- Gorgon is the biggest emitter of carbon emissions out of Australia's 10 liquefied natural gas plants, with gas from the Gorgon field containing 14% CO2; CVX says The facility, which will be ramped up over several months, will reduce Gorgon's emissions by 40% over the life of the project.
- Once fully up and running, 3.4M-4M metric tons/year of carbon dioxide will be buried, the company says.