Australian Government Announces CCUS Development Fund Recipients
8th June 2021
The Australian Government has announced the six successful applicants of the CCUS Development Fund. The $50m fund - part of the Government's $1.9n new energy technology package - seeks to accelerate the development and deployment of carbon capture projects.
The successful applicants are:
|SA||Santos Limited||Moomba Carbon Capture and Storage (CCS) Project||$15,000,000|
|QLD||Energy Developments Pty Limited||Landfill Gas Carbon Capture and Use Project (the Project)||$9,000,000|
|NSW, ACT||Mineral Carbonation International Pty Limited||Australian CCU Flagship: Demonstrating decarbonisation for heavy industry||$14,600,000|
|NSW||Boral Limited||Turning mineral waste to carbon sink - a low cost carbon storage technology||$2,400,000|
|SA||Corporate Carbon Group Pty Ltd||Pilot Direct Air Carbon Capture, Use & Storage: off-site abatement & ACCUs||$4,000,000|
|QLD||Carbon Transport and Storage Corporation (CTSCo) Pty Limited||CTSCo Surat Basin CCUS Project||$5,000,000|
Minister for Energy and Emissions Reduction, Angus Taylor, said that the overwhelming demand for funding through the Development Fund was indicative of the "viability and importance" of carbon capture technologies. The Minister also highlighted the regional investment the funded projects would deliver.
Find more information on the fund here.