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Glencore welcomes Australian Government support for its CTSCo Project in Queensland

Media statement
Sydney, Australia
26 April 2022

 

Glencore welcomes the Australian Government’s decision to award a total of up to $35 million to its CTSCo Carbon Capture Use and Storage (CCUS) Project.

Glencore’s CTSCo Project is one of Australia’s most advanced onshore CCUS projects. The $210 million test injection project will capture CO2 from the Millmerran power station and store it deep underground in the Surat Basin in Queensland.

In addition to funding from Glencore, the Project has industry funding support from Low Emissions Technology Australia (LETA).

This Project will provide the reference case for safe and efficient capture and storge of CO2 in Queensland.  In parallel, CTSCo will do further appraisal of the exploration tenement to assess its full potential for CO2 storage.

The International Energy Agency and the United Nations Intergovernmental Panel on Climate Change have identified CCUS as a critical technology for the transition to a low emission future.

“The Government’s support for a broad suite of technologies from renewables to hydrogen and CCUS, is a positive and pragmatic approach. It balances investment in energy systems of the future and a pathway for materially reducing emissions from fossil fuels, while recognising the important contribution these industries make to jobs and the national economy”, said Darren Greer, General Manager of Glencore’s CTSCo Project.

Glencore is a long-term supporter of low emission technologies and we are aiming to achieve net zero total emissions by 2050.

 

For further information, please contact:

Francis de Rosa
m: +61 417 074 751
e: Francis de Rosa 

Allyn Hamonet
m: +61 418 228 075
e: Allyn Hamonet

 

Notes for editors

About Glencore Australia

In Australia, Glencore produces coal, copper, cobalt, nickel, zinc, lead, silver and gold from 25 mining operations. We also operate metals processing assets in Queensland, New South Wales, Western Australia and the Northern Territory, including metals smelters, concentrators and refineries.

We are among Australia’s largest producers and marketers of natural resources, connecting Australian resources with industrial customers around the world. Through our diverse portfolio, we responsibly supply the resources that advance everyday life.

We employ 17,690 people in Australia and in 2020 contributed over $13.8 billion to the regional, state and national economies. This included spend of $9.5 billion with 7,890 businesses across the country, as well as $2.1 billion in government tax and royalty payments.

We are committed to providing a safe, inclusive and respectful workplace for our people, to respecting the environment, to engaging openly and constructively with the Traditional Owners on whose lands we operate and to bringing value to local communities.

Glencore recognises our responsibility to contribute to the global effort to achieve the goals of the Paris Agreement. Our ambition is to be a net zero total emissions company by 2050. In August 2021 we increased our medium-term emission reduction target to a 50% reduction by 2035 and introduced a new short-term target of a 15% reduction by 2026.

For more information about our CTSCo Project, please visit: www.ctsco.com.au