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co2crc-gives-green-light-to-third-phase-of-ccs-project
co2crc-gives-green-light-to-third-phase-of-ccs-project

CO2CRC gives green light to third phase of CCS project

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Australia’s leading carbon capture and storage (CCS) research organisation CO2CRC has announced a AUS$45m ($31.3m) final investment decision for the third phase of a CCS project in south west Victoria.

The Otway National Research Facility the world’s largest CCS demonstration project, with more than 80,000 tonnes of CO2 injected and stored in a variety of geological formations.

The AUS$100m ($69.5m) project is also Australia’s first demonstration of the deep geological storage of CO2.

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