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:
The successful projects cover:
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.