ADELAIDE, Australia : Australia plans to scale up its capability for offshore carbon capture and storage and will shortly seek public feedback on a new round of greenhouse gas storage acreage, the country’s resources minister said on Tuesday.
"Last year I announced the first two new offshore greenhouse gas storage permits in 14 years, but there is scope to dramatically scale up Australia’s offshore CCS capability," Resources Minister Madeline King said at an industry conference. Australia has also started looking at formulating policy on CCS projects for broader industrial use, King said.
Australia aims to cut carbon emissions by 43 per cent by 2030, and reach net zero by 2050. The country is home to the world's largest commercial CCS project, Gorgon, run by Chevron Corp, which has struggled to hit capacity.
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