The CarbonNet Project in Australia is investigating the potential for establishing a world class, large-scale, multi-user carbon capture and storage (CCS) network. The network could integrate multiple carbon dioxide (CO2) capture projects in the State of Victoria's Latrobe Valley, transporting CO2 via a common-use pipeline and injecting it deep into offshore underground storage sites in Victoria's Gippsland region.
The CarbonNet Project was established in 2009 by the Australian and Victorian Governments as part of a suite of solutions that have the potential to reduce CO2 emissions.
The CarbonNet Project seeks to:
- Design scalable infrastructure to underpin growth and deployment of a CCS network
- Identify and demonstrate the capacity and integrity of CO2 storage in the Gippsland Basin
- Attract private sector funding and participation in the foundation project
- Enable Government's role in The CarbonNet Project and the CCS industry to evolve.
The CarbonNet Project aims to initially capture, transport and store 1–5 million tonnes of CO2 per annum, with the potential to increase capacity significantly over time.
The establishment of a successful CCS network would support the development of new industries in Victoria. Positioning Victoria as a hub for CCS provides a substantial opportunity for new jobs and to boost skills.