The Australian Government has handed out $23.7 million to seven applications under its Carbon Capture and Storage Research Development Fund.
The biggest grant is $9 million to Glencore subsidiary Carbon Transport and Storage to finance a CCS project in Queensland’s Surat Basin.
Glencore’s group executive for global coal, Mike Buffer, described the project as an “important development” which could help show that fossil fuels could be “scaled up safely and commercially.”
The CCS RD&D Fund provides funding for carbon capture and storage with a particular focus on transport and storage.
The grants range from $700,000 to $9 million, and comprise both industry and research projects.