An MoU has been signed between the Northern Territory Government and Vopak and this agreement encompasses the arrangement of developing a common CO2 import, storage and handling infrastructure in Darwin.

It has been agreed that the CO2 import, storage and handling infrastructure will be purposefully designed so that it is capable of managing the import, storage and distribution of carbon dioxide in an efficient and accessible method. The plan for this facility is that it will consist of shared infrastructure which will be able to be used by a variety of companies, which will collaborate to help manage CO2 emissions.

Furthermore, the imported CO2 can come from different sources, including industrial plants, which capture CO2 to prevent it from being released to the atmosphere. Plus, it will be possible for the plant to handle CO2 from neighbouring countries.

Once the plant has received the imported CO2, it will then need to be stored safely in large tanks, before then being transferred to a permanent destination. This permanent location could include underground facilities CCS, or the CO2 could be recycled for utilisation.

Chief Minister of The Northern Territory, Eva Lawler, commented, “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.”

Managing Director, Vopak Terminals Australia, Paul Kanters, added, “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.”