The Minerals Council of Australia (MCA) has welcomed the announcement from Minister for Resources and Northern Australia Matthew Canavan of federal funding for carbon capture and storage (CCS) development projects.
“The investment in the projects will help develop CCS technologies that can potentially reduce emissions by around 90% from fossil fuel electricity generation,” said Greg Evans, Executive Director – Coal at the MCA.
According to Evans, the projects also highlight “the work the coal industry is undertaking to reduce emissions” through the ACALET Coal 21 Fund.
“The Australian coal industry is a major investor in the R&D of new coal emission reduction technologies,” said Evans. Through the ACALET Coal 21 Fund, the industry is investing in CCS projects and supports the research, development and demonstration of cleaner coal technologies.
The Coal21 Fund is a joint financier of the Carbon Transport and Storage Company’s Integrated Surat Basin CCS Project at Glencore’s Glenhaven property and has invested over AUS$9 million already in the project.
“Coal producers are moving the industry towards a low-emissions coal future,” concluded Evans. “The process is well established and industry – with the support of research and technology from around the world – is taking the necessary steps to ensure a long-term, viable coal future.”
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/power/12082016/mca-welcomes-government-funding-of-ccs-rd-2016-2217/