International CCUS Research Partnerships Program

Overview

The International CCUS Research Partnerships Program will run over 4 years from 2023-24 to 2026-27. The program provides support to CO2CRC for $9.5 million in funding for carbon capture, use and storage research and development projects with Japan and the Republic of Korea, as part of the Government’s Strategic International Partnerships initiative. The objectives of the program are: advance the development and innovation of CCUS technologies, with the goal of accelerating the production and uptake of clean energy to reduce emissions and helping to enable new economic opportunities, including clean hydrogen and low emissions steel foster greater collaboration of businesses and research institutions in Australia with those in the Republic of Korea and Japan leverage private and non-Commonwealth funding towards clean energy technologies and projects in Australia. The intended outcomes of the program are: improvement in the technology readiness and commercial readiness of CCUS technologies that supports the development of Australia’s clean energy industries, particularly those that are key enablers of export opportunities support the development of clean energy technologies that will advance decarbonisation efforts domestically and globally to transition to net zero emissions, in line with the Paris Agreement strengthen connections between Australian innovators, researchers and businesses with international partners and opportunities attract greater investment in accelerating the development of clean energy technologies in Australia by key trading partners and the private sector, and support the creation of new economic opportunities in Australia increased local jobs, skills and capabilities in emerging clean energy industries.