Carbon Capture Technologies Program

CO2 utilisation technologies offer opportunities to abate emissions while creating commercially valuable products. They offer opportunities for Australian businesses to secure new markets and job opportunities across carbon-neutral carbonates, building materials, chemicals and synthetic fuels. Despite the significant potential for these products, the associated technologies typically remain in infancy.

The program seeks to support the advancement of the CO2 capture and CO2 utilisation technologies that will be critical to achieving domestic and global emissions abatement objectives. The program will drive further research, development and demonstration (RD&D) of novel or emerging CO2 capture and CO2 utilisation technologies to broaden CCUS applications to address wider industrial emissions, including hard-to-abate sectors, and to develop low-carbon products.

The program will run over 8 years from 2023-24 to 2030-31.

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.

The intended outcomes of the program are to:

• broaden the pathways for Australia to abate CO2 emissions and meet domestic and international climate commitments
• demonstrate the technological capability of novel or emerging technologies in the CCUS chain through pilot and demonstration scale projects in Australian conditions
• improve the abatement potential of CCUS technologies
• bring down the cost of CCUS deployment at scale
• demonstrate the business models for tying a broader set of industrial or Carbon Dioxide Removal (CDR) projects into geological sequestration or CO2 utilisation opportunities.

The grant opportunity will be assessed through a two-stage competitive selection process to test the business cases of proposals that seek funding under the program. You will first submit an Expressions of Interest (EOI) at Stage 1 and if shortlisted, you will be invited to submit an application at Stage 2.