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 supporting collaboration and innovation in CCUS technologies and the identification and development of 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 TECHNOLOGIES STREAM ARE TO:
- Drive cost reduction in deploying CCUS at scale through innovative advancements in CCUS technologies.
- Progress the deployment of CCUS projects from R&D towards commercial operation.
- Foster domestic and international collaboration to research, develop or commercialise CCUS technologies.
- 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 Technologies Stream will provide co-funded grant amounts of between $1m to $30m with the grant amount to be up to 50% of eligible project expenditure.
The grant opportunity will support projects with the following focus areas:
- Researching, developing or commercialising carbon capture and storage technologies;
- Researching, developing or commercialising CO2 utilisation technologies; or
- Feasibility and geological studies into new potential CO2 storage locations.