National Energy Resources Australia (NERA) has approved more than AUS$1.8 million in new project funding that will lead industry collaboration and drive innovation across Australia’s energy resources sector.
Through the industry-led growth centre NERA, the Federal Government will provide the funding to support seven new projects that are backed by oil and gas, coal and uranium sector operators through industry-matched funding.
This latest announcement brings the number of projects NERA is delivering across Australia to 32 and the number of project partners directly involved to more than 80 – a sign of NERA’s ability to foster industry-wide collaboration.
The projects include a recolutionary metal 3D printing technology that will be adapted for remote oil and gas operating environments. The new technique cam operate around 1000 times the speed of conventional 3D printing at a fraction of the cost and is an example of directly integrating new technology into the energy resources sector.
Other projects to receive funding have been selected to deepen understanding of regions including the Great Artesian Basin – one of the world’s largest groundwater resources which stretches across more than 20% of Australia.
NERA’s Chief Executive, Miranda Taylor, said: “Projects that receive NERA funding are selected to deliver results on a national scale and have sector-wide impact, assisting the energy resources sector unlock a potential AUS$10 billion in value that NERA has identified.”
“These projects demonstrate NERA’s role to assist Australia’s energy resources sector maintain its global competitiveness by adapting to the changing global and domestic energy market and accelerating technological change by creating vital opportunities for collaboration and innovation and the improved transfer of knowledge and technology,” Taylor continued.
Read the article online at: https://www.worldcoal.com/exploration-and-development/19042018/nera-approves-aus18-million-of-project-funding-for-australias-energy-resources-sector/