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Glencore welcomes federal government support for carbon capture use and storage in Queensland

Media statement
Sydney, Australia
8 June 2021

 

Glencore welcomes the Australian Government’s decision to award $5 million to our Carbon Transport and Storage Company (CTSCo) carbon capture use and storage (CCUS) project.

Our $210 million CTSCo Project seeks to capture CO2 from the Milmerran coal-fired power station and store it deep underground in the Surat Basin in Queensland. 

It is one of Australia’s most advanced coal-related CCUS projects and has industry funding support from Glencore, Low Emissions Technology Australia (LETA) and the Australian National Low Emissions Coal (ANLEC) R&D Limited. 

The International Energy Agency and the United Nations Intergovernmental Panel on Climate Change regard CCUS as an essential technology if the world is to meet ambitious climate change goals.  

The Australian Government’s support for a broad suite of low emissions technology, including CCUS, is a positive step in addressing global climate change goals by materially reducing emissions from fossil fuels while recognising the important contribution these industries continue to make to jobs and the national economy.  

In addition to capturing emissions from the Milmerran power station, CTSCo also has the potential to store very significant volumes of CO2 from a range of emissions intensive industries in Queensland.

To learn more about the project, visit our Carbon Transport and Storage Project page and CTSCo's website.

 

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

Glencore produces coal, copper, cobalt, nickel and zinc from 25 mines across Australia. We also operate metals processing assets in Queensland, including a copper smelter, lead smelter and copper refinery.

We employ 17,690 people in Australia and in 2020 contributed over $13.8 billion to the regional, state and national economies. The most significant contribution came from our core business activities: employing people, sourcing from local communities and paying taxes to host governments.