Why Darling Downs town is at forefront of cutting-edge technology
$5 million has been granted to a project on the Darling Downs, and it’s predicted to be a frontrunner in its industry. Here’s how the funding will work.
Toowoomba
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A Western Downs Power Station’s cutting-edge carbon capture technology will be a trailblazer in the industry, thanks to a $5 million boost from the Coalition Government.
The cash will be granted to the Carbon Transport and Storage Company to demonstrate the viability of carbon capture and storage, under the government’s $50 million Carbon Capture, Use and Storage Development Fund.
Based at the Millmerran Power Station, the CTSCo project will also support the development of a geological storage basin in the Surat Basin.
Maranoa MP David Littleproud said the project would support new economic opportunities and create jobs in Millmerran and surrounding areas.
“The government is committed to investing in the next generation of energy technologies that will deliver lower emissions, lower costs and create more jobs, and Maranoa is leading the way with innovative projects like this carbon capture and storage facility in Millmerran,” he said.
Energy and Emissions Reduction Minister Angus Taylor said half the global reductions required to achieve net zero would come from technologies that would not be readily available for commercial release for some time.
That’s why the government has pledged to fast track new projects in the industry.
“We received funding applications to support $1.2 billion of investment in carbon capture projects and technologies,” Mr Taylor said.
“The projects we have supported through this program include a number of exciting, Australian-first technology demonstrations.”
The CTSCo project is one of six new projects backed by the CCUS Development Fund to accelerate the development of carbon capture technology in Australia and boost its role in reducing emissions.