The CarbonNet Project: CCS flagship status
In February 2012, the Australian Government selected Theas one of only two CCS flagship projects under its Initiative and, with the State of Victoria, awarded the project a further $100 million in joint funding to undertake feasibility. The is also providing $2.3 million in support to be used to develop a business model and commercial structure – that can be supported by industry – for The CarbonNet Project.
The State of– which manages The CarbonNet Project via the Victorian Department of Primary Industries – is working with the Australian Government, industry and other organisations such as the Commonwealth Scientific and Industrial Research Organisation (CSIRO), the Cooperative Research Centre for Technologies (CO2CRC) and Australian National Low Emissions Coal Research & Development (ANLEC R&D) to fully investigate CCS potential in Victoria.
The Australian Government selected The CarbonNet Project as one of only two CCS flagship projects.
The Gippsland Basin is considered to contain the highest quality and largest capacityout of 25 major basins across Australia.
Source: National Carbon Taskforce, September 2009