Carbon Capture buried ….not dead
Wednesday 17 August 2016
The federal government has given Glencore nearly $10 million to do the front-end engineering and design for a project to capture and store carbon dioxide underground near Wandoan in the Surat Basin.
The Carbon Transport and Storage Company (CTSCo) who received the funding, was acquired by Glencore in 2012 when it purchased Xstrata.
The project is located on a unique Glencore owned “greenhouse gas” tenement, and will be subject to local, state and federal government approvals processes before work could start on a demonstration facility in 2019.
According to Glencore’s global coal business group executive Mick Buffier, the project is an important one.
“This is an important development for the project and demonstrates the continuing contribution by Glencore and the coal industry to the research and development of low-emission technology solutions for fossil fuels that can be scaled up safely and commercially around the world,” he said.
“The project highlights the important role Australia is playing in developing solutions that could significantly reduce emissions from fossil fuels.”
The investment could signal a change in the federal coalition government's view of CCS technology, who back in 2014 cut almost half a billion dollars of funding from CCS technology.Coal accounts for 41% of the world’s electricity generation and 70% of Australia’s grid electricity and is essential in the manufacture of modern infrastructure.
- On track at Collinsville Wednesday 22 March 2017
- Miner wins job back Wednesday 04 January 2017
- 75 jobs go and houses given away Wednesday 07 December 2016
- Charlie peaking Wednesday 16 November 2016
- Mine to reopen with mixed workforce Wednesday 12 October 2016
- Adani buys out contractor Wednesday 21 September 2016
- Death at Newlands Tuesday 30 August 2016
- Fate of mine sealed Tuesday 09 August 2016
- Miners walk off major mine site Tuesday 26 July 2016
- Mixed bag for Glencore Wednesday 22 June 2016