Glencore has welcomed the Australian government’s decision to award a total of up to AUS$35 million to its CTSCo Carbon Capture Use and Storage (CCUS) Project.
Glencore’s CTSCo Project is one of Australia’s most advanced onshore CCUS projects. The AUS$210 million test injection project will capture carbon dioxide (CO2) from the Millmerran power station and store it deep underground in the Surat Basin in Queensland.
In addition to funding from Glencore, the project has industry funding support from Low Emissions Technology Australia (LETA).
This project will provide the reference case for safe and efficient capture and storage of CO2 in Queensland. In parallel, CTSCo will do further appraisal of the exploration tenement to assess its full potential for CO2 storage.
The International Energy Agency and the United Nations Intergovernmental Panel on Climate Change have identified CCUS as a critical technology for the transition to a low emission future.
“The government’s support for a broad suite of technologies from renewables to hydrogen and CCUS, is a positive and pragmatic approach. It balances investment in energy systems of the future and a pathway for materially reducing emissions from fossil fuels, while recognising the important contribution these industries make to jobs and the national economy,” said Darren Greer, General Manager of Glencore’s CTSCo Project.
Glencore is a long-term supporter of low emission technologies and we are aiming to achieve net zero total emissions by 2050.
Read the article online at: https://www.worldcoal.com/power/06052022/glencore-welcomes-australian-government-support-for-its-ctsco-project/