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In this edition
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Welcome to our new team members
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New Energy Conference in Gippsland
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CarbonNet visits Japan
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Preparing for the regulatory approval phase
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CCS news from around the world
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Upcoming events
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| Welcome to our new team members |
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The CarbonNet team has grown considerably in the past few months as we prepare for the next phase of the project - regulatory approvals and front end engineering design (FEED).
We welcome (pictured in order from the left of screen):
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Ricky McNally, Project Director
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Scott Bailey, Engineering Director
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Luke Edminson, Environment Director
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Andrew Sutcliffe, Commercial Director.
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With four new directors onboard, and long-term CarbonNet team member Victoria Mendes Da Costa appointed to the Permitting Director role, the project has gained considerable momentum with further recruitment of technical roles currently underway.
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| New Energy conference in Gippsland |
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In August the CarbonNet team (including Victoria Mendes Da Costa and Scott Bailey, left) headed to Sale to attend the first Gippsland New Energy Conference, hosted by the Gippsland Climate Change Network.
CarbonNet was proud to be a sponsor of this event which focused on new energy projects being established in Gippsland, including solar, hydrogen and wind projects.
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New CarbonNet Project Director, Ricky McNally, visited Japan in September. He is pictured here at the Tomakomai CCS demonstration plant alongside Department of Jobs, Precincts and Regions’ Head of Resources, Jane Burton, and Executive Director Commercial Development and Facilitation, Donna Findlay.
Find out more about the Tomakomai CCS demonstration project.
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| Regulatory approvals process commencing |
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CarbonNet has commenced preparation for what we expect to be a lengthy State and Commonwealth Government regulatory approvals process.
To support the project on this journey, following a rigorous tender process, we have brought in a team of experts which include RPS, AECOM, CNC and GHD.
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| CCS news from around the world |
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Global Status of CCS - 2022 Report
The annual Global Status of CCS report was released by GCCSI on 18 October indicating that the number of CCS projects globally has grown 44% in the past year.
As of October 2022:
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194 CCS projects globally
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30 in operation
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11 under construction
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153 in development
These projects represent a potential of 244 million tonnes of CO2 being sequestered globally.
Read the
2022 Global Status of CCS Report.
USA : The Inflation Reduction Act of 2022 (IRA)
The IRA 2022 provides critical updates to the 45Q tax credit in the US, which incentivises the use of carbon capture and storage.
By expanding and enhancing 45Q, Congress has made the tax credit significantly more accessible to a broad array of investors and developers. This will move carbon capture and storage closer to realizing its potential as a critical decarbonization solution for hard-to-abate industries such as steel, cement, refineries, and power generation.
Read more about the IRA 2022 on the Clean Taskforce website.
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GHGT-16: Lyon, France 23 to 27 Oct 2022
APPEA 2023: Adelaide, 16 to 19 May 2023
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For further information about the CarbonNet Project:
Phone: 136 186
Email: carbonnet.info@ecodev.vic.gov.au
Visit CarbonNet Project.
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