$412 million of new investment in carbon capture projects

Six companies have been awarded a share in the Australian Government’s $50 million Carbon Capture, Use and Storage (CCUS) Development Fund.

The successful applicants are:

  • Santos Ltd
  • Mineral Carbonation International
  • Energy Developments Pty Ltd
  • Carbon Transport and Storage Company
  • Corporate Carbon Advisory Pty Ltd
  • Boral Ltd

The combined projects will create close to 470 direct jobs and deliver $412 million of investment.

The Hon Angus Taylor MP, Minister for Energy and Emissions Reduction, said the projects represent a number of exciting Australian-first technology demonstrations. ‘We’re partnering with industry to accelerate new projects and unlock the emissions and economic benefits of carbon capture technology,’ the Minister said.

‘Australia already has the world’s largest carbon capture facility of its kind, and this is one of five priority areas for future investment under the government’s Technology Investment Roadmap.’

See the Minister’s media release.