3 Business case


  • Building the business case for CCS projects is difficult and time-consuming.
  • There is strong near-term potential for CCS, with the most economic propositions being natural gas extraction, fertiliser, synfuel, and ethanol production.
  • Higher cost CCS projects (power, steel, and concrete) require strong government support, including during the operational phase, due to low or absent carbon pricing arrangements.
  • CCS is a competitive technology for power sector emissions reduction when compared to other low-carbon technologies.
  • Many projects target additional revenues from CO2 utilisation to close the commercial gap.
  • There are significant issues with debt availability to support CCS in a post-GFC world.