The Northern Territory Government and Vopak sign MoU to cooperate on common user CO2 infrastructure hub in Australia
August 04 2024 - 7:00PM
UK Regulatory
The Northern Territory Government and Vopak sign MoU to cooperate
on common user CO2 infrastructure hub in Australia
The Northern Territory Government and Vopak sign MoU to
cooperate on common user CO2 infrastructure hub in Australia
5 August 2024, Australia
On 31 July 2024, the Northern Territory Government and Vopak
signed a memorandum of understanding (MoU), to develop a
common-user infrastructure including a CO2 import terminal in the
Middle Arm Sustainable Development Precinct - Northern Territory,
Australia.
The MoU frames how the government and Vopak will cooperate to
progress the development of common user CO2 import, storage and
handling infrastructure in Darwin.
“The Lawler Labor Government is committed to developing the
Middle Arm Sustainable Development Precinct, strategic industrial
land to accommodate advanced manufacturing and green energy
production. CCUS capability is a core component of the circular
economy design of this Precinct. I am excited to be partnering with
Vopak who have been contributing to the energy security and
economic development of the Northern Territory with their
operations in East Arm for almost 20 years. This project
contributes to the NT’s goal of a $40 billion economy by 2030 and
our transition to net zero by 2050. This agreement leverages
Vopak’s global expertise in developing infrastructure solutions to
accelerate the energy transition worldwide,” said Eva Lawler, Chief
Minister of The Northern Territory.
“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. 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,” said Paul Kanters, Managing Director, Vopak Terminals
Australia.
Common user CO2 facility
The CO2 import, storage and handling infrastructure will be
designed to manage the import, storage and distribution of carbon
dioxide in an efficient and accessible way. The facility will be
shared infrastructure that can be used by various companies to help
manage CO2 emissions. The imported CO2 can come from different
sources such as industrial plants that capture CO2 to prevent it
from being released to the atmosphere. Also CO2 from neighbouring
countries can be handled. Once the CO2 is imported, it needs to be
stored safely in large tanks before it will be transferred to a
permanent destination, for example in underground facilities CCS,
or followed by recycling the CO2 for utilization (CCUS).
About Royal Vopak
Royal Vopak helps the world flow forward. At ports around the
world, we provide storage and infrastructure solutions for vital
products that enrich everyday life. These products include liquids
and gases that provide energy for homes and businesses, chemicals
for manufacturing products, and edible oils for cooking. For all of
these, our worldwide network of terminals supports the global flow
of supply and demand. For more than 400 years, Vopak has been at
the forefront of fundamental transformations. With a focus on
safety, reliability, and efficiency, we create new connections and
opportunities that drive progress. Now more than ever, our talented
people are applying this mindset to support the energy transition.
Together with our partners and customers, we are accelerating the
development of infrastructure solutions for hydrogen, ammonia, CO₂,
long-duration energy storage, and low-carbon fuels & feedstocks
– paving the way to a more sustainable future. Vopak is listed on
the Euronext Amsterdam and is headquartered in Rotterdam, the
Netherlands. For more information, please visit www.vopak.com
For more information please contact:
Press and Analysts/Investors
Vopak Press: Alexis Oh - Regional Communications Manager (Asia
& Middle East)- alexis.oh@vopak.com
Vopak Press: Liesbeth Lans - Manager External Communication -
global.communication@vopak.com
Vopak Analysts and Investors: Fatjona Topciu - Head of Investor
Relations- investor.relations@vopak.com
Commercial & Partnership Information
Patricia Lim - Vopak Australia Commercial & Business
Development Director
patricia.lim@vopak.com
- Vopak News Release Australian Northern Territory Government and
Vopak sign MoU on CO2 infrastructure
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