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Northbridge Industrial Services Plc

King Review offers Australia emission reduction opportunities

Santos expects that Australia is on a path to develop its carbon capture and storage (CCS) industry following the release of the King review and the federal government’s response.

Kevin Gallagher, Santos managing director and chief executive officer,  said the review made ‘sensible, job-creating’ recommendations that would cut through red and green tape to accelerate investment in real emissions reduction opportunities in Australia.

The company’s proposed Moomba CCS project in South Australia is set to capture 1.7 million tonnes per annum of carbon dioxide that is currently separated from natural gas at the Moomba gas processing plant.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.