The Australian government is supporting new and emerging carbon management technologies. These technologies can reduce emissions in hard-to-abate industries.
Through round 2 of the Carbon Capture Technologies Program (CCTP), the government is investing an additional $32.6 million in 7 projects. These projects will demonstrate a range of carbon management technologies, including:
- carbon capture and utilisation (CCU)
- direct air capture (DAC)
- enhanced rock weathering (ERW).
Round 2 of the program is providing:
- $10 million to Carbonaught Pty Ltd
This project will remove atmospheric carbon dioxide (CO₂) through ERW on agricultural land. This will advance the pathway to broader deployment in Australia.
- $10 million to Australian Carbon Vault Pty Ltd
This project will demonstrate integrated DAC and CO2 storage while establishing the Limestone Creek CCS Hub as a scalable multi-user hub for future carbon removal projects.
- $4.8 million to Karbonix Technologies Pty Ltd
This project will use captured CO2 to produce low-emissions precast concrete. This technology permanently stores carbon and reduces cement use.
- $3.28 million to MCi Carbon Pty Ltd
The project will permanently store CO₂ through mineral carbonation of steelmaking slag. This will produce carbon-embedded construction products.
- $1.56 million to Electralith Pty Ltd
This project will demonstrate a novel lithium refining process that integrates carbon capture to produce battery-grade lithium carbonate while reducing emissions.
- $1 million to Australian National University
The project will demonstrate a solar-powered hydrothermal carbonisation process. This process converts biosolids into stable hydrochar for use in waste-to-chemicals applications.
These projects do not represent the full allocation of Round 2 funding. Additional projects may be announced in due course as program processes are finalised.
The projects will:
- remove, utilise or permanently store CO₂
- create low-emissions products
- support industrial decarbonisation.
Carbon management is the use of technologies and methods to manage CO2 that we cannot completely get rid of.
Carbon management uses technologies to:
- remove CO₂ from the air
- reduce CO₂ from factories and industries
- reuse CO₂ to make new products.
