Southern Green Gas and Corporate Carbon sign Memorandum of Understanding to progress Direct Air Capture technology in Australia

Southern Green Gas, a pioneering technology company with innovative technology for Direct Air Capture, and Corporate Carbon, one of Australia’s leading carbon project developers, have today announced that they have entered into a Memorandum of Understanding for the deployment of the technology.

Corporate Carbon was recently awarded $4 million in Federal Government funding to demonstrate Direct Air Capture through to geological storage at a 1 tonne per day scale.  The first component of this project was a global technology review, which was completed at the end of August.

“With global efforts underway to try to limit temperature rise to less than 1.5°C above pre-industrial levels, the IPCC has highlighted that we will need to be removing around 10 gigatonnes per year of carbon dioxide from the atmosphere by 2050 in order to achieve net zero.  Direct Air Capture is therefore a critical technology that we need to develop and deploy at scale”, said Julian Turecek, Executive Director at Corporate Carbon.