Funding to support carbon capture utilisation and storage technologies

The Australian Government is committed to ambitious climate action and has enshrined into law an emission reduction target of 43 per cent below 2005 levels by 2030, and net zero emissions by 2050. The Government is supporting the net zero transformation by reducing emissions and investing in the opportunities presented by a low-carbon economy. The Government recognises it will take a wide range of technologies and tools to achieve this goal.

One such technological approach is carbon capture utilisation and storage (CCUS). CCUS refers to a suite of technological abatement solutions that capture carbon dioxide (CO₂) from industrial processes or directly from the air, either for use in production of new products or for permanent storage in underground geological formations.

The objectives of the program are to:

• accelerate the development of emerging priority CO₂ capture technologies, including Direct Air Capture (DAC), Bio-Energy with Carbon Capture and Storage (BECCS) and/or CO₂ utilisation technologies
• support RD&D to advance technological and commercial readiness of CCUS in hard-to-abate industries such as cement, chemicals and steel
• demonstrate verifiable permanence of CO₂ sequestered via a range of utilisation applications
• support global CCUS capability development.

Applications will be assessed in two stages. You will first submit an Expression of Interest (EOI) at Stage 1 and if shortlisted, you will be invited to submit a grant application at Stage 2.