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SkyPunter

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25/05/21

10:54

Post #: 53394095
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Originally posted by SkyPunter: ↑

Update - The Carbon Capture Use and Storage Development Fund is now closed.

For those whom are not aware. Advent PEP11 can potentially get $25m through this fund.

PEP11 is in close proximity of 2 coal fired power stations and 1 Gas fired power station. The Sydney to Newcastle Gas Pipeline easement which also holds the Ampol Fuel Pipeline has sufficient room to lay another pipeline such as Carbon Capture Storage Pipeline. This pipeline easement already has access to Tomago Aluminium, Orica Kooragang and also heads South towards Sydney which includes Port Botany Heavy Industries.

This pipeline easement is jointly looked after by Jemena and Ampol which includes weekly helicopter surveillance. This pipeline easement is ideal for PEP11 Gas feedstock and a carbon capture storage pipeline.

See details below.

https://business.gov.au/grants-and-programs/carbon-capture-use-and-storage-development-fund

Carbon Capture Use and Storage Development Fund
The Carbon Capture, Use and Storage Development Fund provides businesses with grants of up $25 million for pilot projects or pre-commercial projects aimed at reducing emissions.

Closed

What do you get?
Grants from $500,000 to $25 million.

Who is this for?
Companies, State/Territory agencies and authorities of the Commonwealth engaging in carbon capture, use and storage (CCUS) technologies in Australia.

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

Expand

This is from Jemena website.

They are looking at Carbon Capture Storage Pipelines.

https://jemena.com.au/about/newsroom/article/2017/gas-vision-2050

BPH Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
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