Federal Minister for Industry and Science, Ian Macfarlane has announced $25 million will be spent over the next 5 years to continue a carbon capture and storage (CCS) research project in Victoria.
The project will involve Australian scientists, academics and industry professionals collaborating to improve CCS technology at the Cooperative Research Centre for Greenhouse Gas Technologies (CO2CRC) in the Otway region.
“The grant ensures that this critical research continues for 5 more years and we expect to see important technological improvements to CCS modelling, monitoring and verification as a result,” Mr Macfarlane said.
“The end goal is the wide scale deployment of an effective system for capturing carbon dioxide and storing it safely underground.”
