The Carbon Capture, Use and Storage Hubs and Technologies Program (CCUS) is a $250 million initiative that runs over 10 years to 30 June 2031 and is targeted at businesses that have a focus on the design and construction of shared CCUS infrastructure between multiple co-located emitters and viable CO2 storage sites.
It is a key component of the $1.2 billion technology co-investment facility established through the 2021-22 Federal Budget to incentivise private investment in technologies outlined in the Government’s Technology Investment Roadmap.
ARE YOU AN AUSTRALIAN COMPANY UNDERTAKING ACTIVITIES IN RELATION TO:
- Reducing Australia’s greenhouse gas emissions
- Contributing to effective global action on climate change
- Supporting technological innovation in clean and renewable energy
THE OBJECTIVES OF THE HUB STREAM ARE TO:
- Drive cost reduction in deploying CCUS at scale through the development of shared hub infrastructure.
- Foster domestic and international collaboration in the development of shared CCS hub infrastructure.
- Improve knowledge of viable large-scale CCS hub sites in Australia, particularly in proximity to potential Clean Hydrogen Industrial Hubs or clean LNG production facilities.
The CCUS Hubs Stream will provide co-funded grant amounts of between $5m to $50m with the grant amount to be up to 50% of eligible project expenditure. The grant opportunity will support deploying CCUS at scale and the development of commercial-scale CCUS assets and shared hub infrastructure. It will also support cost reductions associated with storage site selection and development.