The CarbonNet Project: CCS flagship status

In February 2012, the Australian Government selected The CarbonNet Project as one of only two CCS flagship projects under its Clean Energy Initiative and, with the State of Victoria, awarded the project a further $100 million in joint funding to undertake feasibility. The Global CCS Institute 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 Victoria – 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 Greenhouse Gas 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 capacity reservoirs out of 25 major basins across Australia.

Source: National Carbon Taskforce, September 2009