New support for carbon capture and storage R&D
The Australian Government is investing in the advancement of carbon capture and storage technologies, through a research fund designed to facilitate industry investment and research, Minister for Industry and Science Ian Macfarlane said.
The $25 million Carbon Capture and Storage (CCS) Research Development and Demonstration Fund will focus on transport and storage projects.
“Australia has a diverse energy mix, made up of traditional energy sources such as coal, through to gas and renewables. The diversity of this mix will continue to underpin Australia’s economic future,” Mr Macfarlane said.
“Australia’s energy resources are one of our most significant competitive advantages.
“Just as we are using science to boost our key economic sectors, investment in research for carbon capture and storage technologies will be important as the coal and gas industries continue to develop both for our domestic use and for export.
“As Australia and our major trading partners continue to use our valuable resources responsibly, further research and development in low emissions energy sources will further strengthen Australia’s role as an energy superpower.
“Industry has a critical role to play in developing CCS technologies and investing in its own future, through the application of science and research in this field.”
The programme will address research priorities in CCS including subsurface knowledge and mapping, transport infrastructure, whole of chain integration and development of international collaboration and partnerships.
Activities under the Fund will be principally based in Australia to ensure national expertise on transport and storage is expanded however, the Fund will also provide support to leverage international expertise where advantageous.
For more information, visit http://www.business.gov.au/.
Media contact: Minister Macfarlane’s office – 02 6277 7070