LEADING CARBON CAPTURE AND STORAGE (CCS) RESEARCH TO CONTINUE
The Australian coal industry welcomes the announcement by the Australian Government of $25 million funding for CCS research at the Otway facility in Victoria, operated by the Cooperative Research Centre for Greenhouse Gas Technologies (CO2CRC).
The Australian coal industry, through its COAL21 Fund, will also contribute $10 million over five years to this research.
The Otway geological storage test facility is recognised around the world for the high quality of work conducted. Past achievements at the Otway site include successfully storing 65,000 tonnes of carbon dioxide (CO2) in a depleted gas field. The continuing program will further develop and build confidence in geological storage as a safe and secure option for reducing emissions from the use of coal.
The Otway project is the centre piece of Australia’s contribution to global development of CCS technology, which will be a necessary part of a portfolio of low emissions technologies needed to meet growing energy demand while reducing greenhouse gas emissions.
Importantly the Intergovernmental Panel on Climate Change has forecast that a global solution for lowering emissions without CCS will be 138 per cent more costly than other options.
Since 2007, the coal industry has committed more than $300 million to a range of low emissions coal research and demonstration projects. This effort complements and extends Australia’s black coal producers’ individual contributions to the research, development and demonstration (RD&D) of low emissions technologies as well as activities through the black coal industry’s R&D program, ACARP.