Vopak to develop CO2 import terminal in Darwin

The MoU frames how the government and Vopak will cooperate to progress the development of common user CO2 import, storage and handling infrastructure in Darwin as part of the Middle Arm Sustainable Development Precinct.

The import terminal would target the emerging market for carbon capture and storage and recycling.

The CO2 import terminal would designed to manage the import, storage and distribution of carbon dioxide as a common user facility. The CO2 once imported would be stored in large tanks before transferred to a permanent underground storage facility or for recycling for utilisation.

“This project contributes to the Northern Territory’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,” said Eva Lawler, Chief Minister of The Northern Territory.

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

Related:Vopak in hydrogen transport and storage solution JV