Baker Hughes (NASDAQ: BKR) has won a contract with Australian natural gas giant Santos to supply CO2 compression equipment for the Moomba Carbon Capture and Storage (CCS) project.
The Moomba CCS project is set to become one of the world’s largest with a capacity to permanently store 1.7 million metric tons of CO2 per year.
It will be capturing the emissions of a gas processing plant and storing them in depleted natural gas reservoirs in South Australia.
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Baker Hughes, which is a company with over 35 years of experience in the realm of energy technology, will be contributing to the Moomba project by providing gas turbine, compressor and heat recovery steam generator (HRSG) tech, which, in turn, will be utilized to compress the captured CO2.
The company also has a long-standing history with Santos and has provided technology and services for its operations for decades.
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Thus, the collaboration on the Moomba CCS project is building further on a strong relationship between the two companies.
Baker Hughes executive Rod Christie commented: “This project exemplifies the range of solutions that energy and industrial companies are seeking across the energy transition and how collaboration is needed to lower emissions and enhance efficiencies from their operations.”
