A Chevron-led joint venture has been awarded a greenhouse gas assessment permit next to Barrow Island, where the company operates the Gorgon carbon capture project.
Chevron and Woodside have secured a greenhouse gas assessment permit off the WA coast, as the pair explore selling carbon capture as a product to industrial users.
The Gorgon Joint Venture will spend $40 million to fund a new state-led green technology drive, as the gas producer seeks to make up for falling short of carbon capture goals.
LNG producer Chevron says financial commitment to two Western Australian nature-based carbon offset initiatives will help it create a lower carbon business.
Chevron Australia says venture partners - not taxpayers - will stump up the costs of getting the massive Gorgon carbon capture system up to promised levels.
