Carbon Capture funding to help create jobs and reduce emissions
Six carbon capture projects have received funding to accelerate the development of the technology in Australia while creating jobs, mostly in regional areas.
The projects will share in $50 million from the Carbon Capture, Use and Storage Development Fund. The projects demonstrate several ways that carbon capture technology can reduce emissions from hard-to-abate sectors.
Carbon capture is a proven technology that can permanently cut emissions from:
- energy generation
- natural gas
- hydrogen production
- heavy industries.
The successful projects cover:
- low-cost capture and storage of CO2 emitted from LNG operations for permanent storage (Santos Limited)
- the construction of a mobile demonstration plant that captures and uses CO2 to produce manufacturing and construction materials (Mineral Carbonation International)
- the capture and use of CO2 emitted from the production of biomethane at landfill sites (Energy Developments Pty Ltd)
- possible carbon capture and storage from a coal-fired power station and the development of a geological storage basin (Carbon Transport and Storage Company)
- a pilot scale carbon capture and use project to improve the quality of recycled concrete, masonry and steel slag (Boral Limited)
- demonstration of direct-air-capture (DAC) and storage project to geologically sequester CO2 in an existing injection well (Corporate Carbon Advisory Pty Ltd).
Carbon capture and storage is one of 5 priority technology areas in the Technology Investment Roadmap: First Low Emissions Technology Statement.
Read more about the successful projects in the minister’s media release.
- The Minister launched the Carbon Capture Use and Storage Development Fund on 1 March 2021
- Find out more about the Carbon Capture, Use and Storage Development Fund
- Read the First Low Emissions Technology Statement
- See the Australian Government’s low emissions technology investments across Australia on National Map. (Best viewed in Chrome or Firefox. If you're having problems using the map on mobile, try shifting to 3D viewing.)