Royal Vopak to Develop CO2 Hub in Australia

Royal Vopak NV (GB:0O8V) has released an update.

The Northern Territory Government and Royal Vopak NV have partnered to create a CO2 import and storage infrastructure in Australia, aiming to enhance energy security and assist in the region’s transition to net zero emissions. The facility will serve as a hub for managing CO2 emissions through importation, storage, and distribution, contributing to the Northern Territory’s economic and green energy goals. This collaboration aligns with Vopak’s strategy to support the global energy transition and marks nearly two decades of their energy and economic contributions to the area.

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