An inaugural CO2CRC CCS Policy Forum is being convened to develop a consensus industry view on a practical CCS policy framework that will stimulate CCS project investment and development in Australia. CO2CRC is Australia’s leading carbon capture and storage (CCS) research organisation.
The forum will be chaired by Kevin Gallagher, Managing Director and CEO of Santos. Mr Gallagher stated that “Australia could be a world leader in CCS and is already home to the world’s largest commercial-scale CO2 injection project at the Gorgon LNG facility on Barrow Island, off the northwest coast of WA. Gorgon is progressively ramping up to full capacity of up to 4Mtpa of safe and permanent storage of CO2.
Members of the forum include senior representatives of BHP, Chevron, COAL21, ENI, ExxonMobil, the Global Carbon Capture and Storage Institute, J-Power, Shell and Woodside.
The CCS Policy Forum will work with governments, industry and other stakeholders to urgently progress suitable policy settings and a regulatory framework to accelerate the development and deployment of CCS technology in Australia, providing large-scale, permanent carbon abatement and emissions reduction, according to Gallagher.
