Pilot Direct Air Carbon Capture, Use and Storage project awarded $4million federal government grant
Corporate Carbon was awarded a $4 million grant today as part of the federal government’s $50 million Carbon Capture Use and Storage Development Fund.
The project Pilot Direct Air Carbon Capture, Use and Storage: off-site abatement & ACCUs will deliver a pilot scale Direct Air Carbon Capture, Use and Storage (DACCUS) facility to operate at 1t CO2/day.
The $50 million fund, announced by Energy Minister, Angus Taylor in March 2021, provides grants of up to $25 million for businesses for pilot projects or pre-commercial projects aimed at reducing emissions. The intended outcomes of the grant program are to lower the cost of technology adoption, encourage industry investment in deploying CCUS in Australia, and progress the deployment of CCUS projects from R&D towards commercial operation.
