Loading...
Loading...
australia-to-turbocharge-ccus-tech
australia-to-turbocharge-ccus-tech

Australia to ‘turbocharge’ CCUS tech

0

As Governments and industry worldwide further commit to lower carbon emissions ahead of net zero 2030 and 2050 targets, Australia has given its efforts a major boost following a $250m cash injection into the development of commercial-scale carbon capture, utilisation and storage (CCUS) projects across the country.

The investment will be split, with $100m to support design and construction of carbon capture hubs and infrastructure and $150m to go into supporting research and commercialisation of carbon capture technologies and identifying storage potential.

Part of the Government’s ‘technology not taxes’ approach to emission reduction, Angus Taylor, Minister for Energy and Emissions, said that lowering storage costs is an important element to mitigating excess carbon emissions.

The initiative will also see the creation of up to 1,500 jobs in the region.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...