Australia’s largest industrial low emissions technology fund COAL21 will contribute several million dollars of funding to help establish Australia’s first commercial scale carbon capture hub located in Queensland.
The funding from COAL21 supports a final investment decision scheduled for June (2020) to begin construction of a $150m carbon capture plant at the Millmerran Power Station as part of the storage company’s integrated carbon capture, utilisation and storage (CCUS) project in the Surat Basin.
This plant – together with the further stage of geological storage – represents an estimated $230m investment in industrially-scalable carbon capture and storage (CCS) in Queensland’s Surat Basin, and removes approximately 25,000 cars equivalent of emissions every year.
The Surat Basin has been chosen for its storage potential for carbon dioxide (CO2), a range of potential commercial users of CO2, and a number of significant industrial sources of CO2, particularly Australia’s newest coal fired power stations at Millmerran, Kogan Creek and Tarong North.
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