Santos aspires to be a world-leading clean fuels company, achieving net-zero emissions by 2040.
In announcing this aspiration in December 2020, Santos Managing Director and CEO Kevin Gallagher said, “Our focus over the last three years on step change technologies such as carbon capture and storage has enabled a pathway that allows us to go further faster when it comes to emissions reduction.
“The world still relies on hydrocarbon fuels for 80 per cent of its primary energy, the same as 45 years ago, so to achieve global emissions reduction goals it is vital that companies like Santos focus on making these fuels cleaner and eventually zero emissions.
”Importantly, we are articulating a roadmap to get there.”
Through large-scale carbon capture and storage at Moomba, world-leading nature-based offsets and positioning the company to supply zero-emissions LNG and hydrogen as customer demand evolves, Santos will be a leading clean fuels company at the forefront of the energy transition to a lower-carbon future.
Moomba CCS injection testing, October 2020.
CCS is recognised as a safe, well-established solution for permanent, large-scale emissions reduction and clean hydrogen production, the keys to economy-wide decarbonisation.
In August 2021, Santos shared its infrastructure-led three hub carbon capture and storage strategy:
- Moomba CCS – capacity across the basin is ~20 mtpa.
- Northern Australian and Timor-Leste CCS – capacity of ~10 mtpa at Bayu-Undan once the field is depleted.
- Western Australia CCS – desktop studies have commenced to confirm CO2 injection capacity.
Santos established an Energy Solutions team in 2017 and projects led by the team have delivered emissions reductions across the business.
One area of focus is integration of renewable energy, including through the building of a solar farm to help power Santos’ Port Bonython facility.