Royal Vopak and Northern Territory Government Sign Agreement for Carbon Dioxide Import Terminal in Darwin
Royal Vopak, a Dutch company specializing in storage and handling of liquid and gas products, has signed a memorandum of understanding with the Northern Territory government to build Australia's first carbon dioxide import terminal in Darwin.
The proposed facility, planned for the $1.5 billion federally funded Middle Arm industrial precinct, will be designed for local and overseas companies to store CO2 in tanks before transferring it to a permanent destination.
This terminal will provide a crucial infrastructure solution for carbon capture and storage (CCS) projects, which aim to capture carbon emissions from industrial processes and permanently store them underground.
Key Features of the Terminal
The terminal will have the capacity to store CO2 in tanks, allowing for efficient handling and transportation.
The facility will cater to both local industries and overseas companies seeking carbon storage solutions.
CO2 can be transported to the terminal via pipelines or shipped from various locations, including overseas.
After storage at the terminal, the CO2 can be transferred to underground CCS facilities for permanent storage.
Benefits of the Terminal
The terminal will contribute to reducing carbon emissions by providing a safe and efficient way to store captured CO2.
The project will create jobs and stimulate economic growth in the Northern Territory.
The terminal will facilitate collaboration between local and international companies in the fight against climate change.
Timeline and Partnerships
Royal Vopak aims to have the new import facility operational by 2030. The project leverages Vopak's global expertise in developing infrastructure solutions and aligns with the Northern Territory government's commitment to CCS as a core component of the Middle Arm industrial precinct.
This partnership between Royal Vopak and the Northern Territory government demonstrates a significant step towards achieving Australia's net-zero emissions target. The carbon dioxide import terminal in Darwin will play a vital role in advancing CCS technology and contributing to a cleaner future.