Australian oil and gas company Pilot Energy and Canadian carbon capture provider Svante Technologies signed a memorandum of understanding on Wednesday to collaborate on offering a combined solution for carbon capture, transportation and storage to industrial businesses.
The collaboration aims to accelerate the commercial deployment of emissions reduction solutions for Australia’s largest greenhouse gas emitters. The two companies have set an initial target to remove approximately 8 million tonnes of CO2 from the Western Australian Kwinana Industrial Area per year.
The project could provide a carbon management system that will work to remove 15-25% of the Kwinana Industries Council members’ reported Scope 1 emissions, a Pilot spokesperson said.
The system will use Svante’s solid sorbent-based post-combustion carbon capture and removal filter technology to store CO2 from the industrial region.
The collaboration forms a key part of Pilot’s Mid-West Clean Energy Project, which leverages the fossil fuel company’s current asset base. The project will convert the Cliff Head offshore oil field into an integrated carbon capture and storage operation. This will enable the permanent storage of CO2 and the production of blue hydrogen, green hydrogen, and ammonia.
The system plans to deploy Svante’s carbon capture filter technology in industrial flue gas stacks on the sites of emitters.
“We are pleased to be collaborating with Pilot Energy to offer full-service, turnkey carbon management solutions to heavy industries,” Svante’s chief revenue officer & Acting CFO Matt Stevenson said.
“An important feature of our business model is the ecosystem of partnerships we’re building globally across the value chain of carbon capture, utilization, and storage. We’re excited about the opportunity to help Australia’s emitters decarbonize one of the country’s largest CO2 emitting regions.”