Woodside Energy said on Friday that the Angel CCS JV signed a memorandum of understanding with Yara Pilbara to examine if the carbon capture and storage technique could be used to decarbonise the latter's operations at the Burrup Strategic Industrial Area near Karratha.
It added that the JV firm is proposing to develop a large-scale CCS hub, with a potential processing capacity of up to 5 million metric tons of carbon dioxide per annum, subject to completion of technical and regulatory studies.
"In addition to decarbonising existing industry, a CCS hub would also have the potential to facilitate the development of new lower-carbon industries," the company said, but did not disclose any financials details of the agreement.
Seperately, Woodside Energy has been recently receiving flak for its climate-related policies, with proxy advisory firm CGI Glass Lewis asking shareholders to vote against the re-election of Richard Goyder as chairman and the company's climate strategy at the annual general meeting later this month.
