What's on the way

Carbon capture, use and storage (CCUS) can permanently cut emissions from a range of sectors such as energy generation, natural gas, hydrogen production and heavy industries. We’re investing in a range of initiatives to develop the industry over the coming decade.

Accelerated technology development

Supported by the $50 million Carbon Capture, Use and Storage Development Fund.

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Hubs and technologies

We’re investing $250 million over 10 years to develop the CCUS industry in Australia.

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Affordable co2 storage

We will reduce the cost of CO2 compression, transport and storage to less than $20/tonne.

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Highlights

Crucial for producing clean hydrogen.

  • CCUS allows Australian coal and gas to be transformed into clean hydrogen.
  • This will create new economic opportunities for Australian regional communities.
  • By co-locating CCUS facilities with hydrogen production facilities we can reduce transport and storage costs and create the foundation for future low emission industrial hubs.

Carbon capture, use and storage (CCUS) involves capturing emissions through various technological options and then injecting the captured emissions deep underground. 

The world is already capturing and storing about 40 Mtpa of CO2 annually. Global investment in technologies is increasing rapidly and it is estimated that we will need to store around 5,635 Mtpa by 2050 to meet climate change goals in the lowest cost manner. 

Opportunities

CCUS is a proven and versatile technology that can cut emissions from energy-intensive industries and help create a hydrogen export industry for Australia. It can accelerate achieving our goal of delivering cost competitive clean hydrogen to the world, a view supported by both the International Energy Agency and Intergovernmental Panel on Climate Change

What does it mean for you?

It means:

  • there will be fewer emissions from heavy industry in our atmosphere
  • we are working towards a future that generates fewer emissions and greater environmental sustainability.

Learn more

How CCUS plays a crucial role in balancing emissions reduction with a strong economy.

Reducing emissions through carbon capture, use and storage (Industry.gov.au)