INDUSTRY LEADERSHIP TO DEVELOP LOW EMISSION TECHNOLOGIES

The Minerals Council of Australia today announced the establishment of an industry-led Leadership Roundtable for the development of Low Emissions Technologies for Fossil Fuels.

The Roundtable will be chaired by Mr Stewart Butel, Managing Director of Wesfarmers Resources Limited, Chair of COAL21* and a Director of the Minerals Council of Australia. Membership will include senior representatives from the coal, oil and gas, and power generation industries, research organisations, federal and state governments and the Global CCS Institute.

Fossil fuels will continue to make an indispensable contribution to the world’s energy, plastics, chemicals, steel, cement, glass, aluminium and fertiliser industries and to a wide range of industrial products, including textiles, paints and dyes. The use of fossil fuels and lower carbon emissions are not mutually exclusive.

Over the past decade, considerable effort has been directed to developing low emission fossil fuel technologies here and overseas. In Australia, this has involved a coordinated effort by industry and the Commonwealth and state governments.

Currently, there are 22 large-scale Enhanced Oil Recovery (EOR) carbon capture or Carbon Capture and Storage (CCS) projects in operation or construction around the world. The world's first large-scale power plant to capture and store carbon dioxide opens this week at SaskPower's Boundary Dam in Canada. The project is estimated to capture one million tonnes of CO2 each year with any CO2 not used in EOR to be stored in a deep saline formation.

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