Santos Partners with CSIRO on carbon capture tech
- Oil and gas giant Santos (STO) and leading science agency CSIRO will team up to further develop technology which removes and captures carbon dioxide from the atmosphere
- CSIRO’s Carbon Assist technology removes CO2 directly from air and other higher-concentration post-combustion scenarios
- Under the partnership, the tech will be deployed at STO’s South Australian site where its Moomba Carbon Capture Storage (CCS) Project is located
- It’s hoped the carbon can be safely stored at the ASX-20 lister’s $220 million CCS or turned into carbon-based products
- The company is trading at $6.87 per share, up 0.37 per cent in mid-afternoon trade
