Carbon Capture Use and Storage Development Fund

Overview

The objectives of the program are to: reduce emissions across energy generation, natural gas or hydrogen production and heavy industries (including manufacturing, chemicals, cement and fertiliser production) foster existing, pilot or pre-commercial CCUS facilities that could connect into a regional CCS hub in the future and bring together a network of multiple greenhouse gas emitters enabling reductions in costs and risks for CCUS projects and large-scale abatement support the Australian Government’s priority technology stretch goal to compress, transport and store carbon dioxide (CO2) for less than $20 per tonne of CO2 leverage expertise and viable geological storage resources for CCUS in Australia support new opportunities to use carbon dioxide in the development of CO2-derived products and services. There is $50 million available for this grant opportunity. The minimum grant amount is $500,000 and the maximum grant is $25 million. You must complete your project by 30 June 2025. Your project must be located in Australia.