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Built by Chevron in 2016 at a likely
cost of $88 billion, the facility produces 25 million metric tons of natural
gas and up to 10 million metric tons of carbon dioxide each year. That’s
because the Gorgon gas field contains not just natural gas but also carbon
dioxide (which exists in many gas fields around the world). Chevron has to
separate the carbon dioxide from the mixture before it can liquefy natural gas
for transport.
Most of the carbon dioxide separated
from the process is released to the atmosphere. But the Australian government
granted Chevron the permission to extract gas on the condition that the company
will bury some of the carbon dioxide.
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On August 8, 2019, after a two-year
delay on its promised start, Chevron announced that it began injecting
compressed carbon dioxide in a sandstone reservoir beneath a nature reserve on
nearby Barrow Island. The company said that, after initial tests are complete,
it will bury as much as 4 million metric tons of carbon dioxide
annually—cutting the project’s carbon footprint by about 40%.
To put the reduction of greenhouse
gases in perspective, all the rooftop solar installed in sunny Australia
collectively saves the country about 6 million metric tons of carbon dioxide,
according to Bill Hare, CEO of Climate Analytics.
The technology at the heart of the
project is called carbon capture and
storage (CCS), and the UN’s Intergovernmental Panel on Climate Change
considers the technology vital in cutting global emissions. Although the
technology has been used commercially for more than 50 years, there are only
about 20 large-scale CCS projects operating in the world today. That’s because
there isn’t always money to be made in the process.
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Most CCS facilities inject the captured
carbon dioxide into oil fields, where CO2 dissolves the oil and actually
increases the volumes that can be recovered. In Norway, Equinor (formerly
Statoil) buries carbon dioxide in saline aquifers, because releasing the gas
would require paying a steep carbon price.
That’s what makes the Gorgon project
different. The carbon dioxide buried is neither used for enhanced oil recovery
nor is it buried to avoid a carbon price. It’s being buried simply because the
Australian government asked Chevron to do so. Once working at full scale, it
will be the world’s largest CCS facility that simply buries the greenhouse gas
in underground reservoirs—out of sight and out of mind.
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