Australia’s leading carbon capture and storage (CCS) research organisation CO2CRC has announced a AUS$45m ($31.3m) final investment decision for the third phase of a CCS project in south west Victoria.
The Otway National Research Facility the world’s largest CCS demonstration project, with more than 80,000 tonnes of CO2 injected and stored in a variety of geological formations.
The AUS$100m ($69.5m) project is also Australia’s first demonstration of the deep geological storage of CO2.
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