Chevron Australia has committed $38 million towards carbon capture and storage (CCS) research projects in Western Australia and Victoria.
The investment will help advance knowledge of the critical emissions technology for a lower carbon future. The Barrow Dampier CCS Regional Study will receive $22 million, while $16 million has been committed to support development of new infrastructure at the Otway International Test Centre in Victoria.
Michelle LaPoint, General Manager of Asset Development at Chevron Australia, said the company was committed to advancing the deployment of CCS technology in Australia.
“Chevron has decades of operational experience, a proven track record of carbon-capture projects and is already deploying CCS technologies in locations across the globe, including at Gorgon in Western Australia, one of the world’s largest integrated CCS projects.”
“Our experience continues to reaffirm our confidence in the emissions reduction opportunities of CCS and we’re proud to support SLB and CO2CRC in projects that will advance research into this critical technology.”
The project at Otway International Test Centre, which is managed by CO2CRC, will enable testing of carbon dioxide migration and validation of new modelling techniques that could improve storage processes in future CCS projects.
Matthias Raab, CEO of CO2CRC, said the funding provided by Chevron, a Foundation Member of CO2CRC, ensures that The Otway International Test Centre remains as critical national research infrastructure for applied research into CCS, an essential low emission technology that will support Australia’s energy transition towards net zero.
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