Funding for carbon capture, utilisation and removal technologies.

The Carbon Capture Technologies Program – Round 2 provides organisations with up to $10 million to reduce Australia’s emissions.

The Carbon Capture Technologies Program aims to accelerate the research, development and demonstration of novel and emerging carbon management technologies to address Australia’s hard-to-abate emissions and residual emissions. Grants will be offered to pilot and demonstration projects that capture, utilise and remove CO₂ and have the potential to create new, low-emissions or net-zero industries.

Examples of eligible technologies, include but are not limited to:

• novel or emerging carbon capture and/or utilisation for hard-to-abate sectors
• novel or emerging carbon removal technologies such as
• direct air capture
• enhanced rock weathering
• biomass carbon removal and storage, including durable sequestration of carbon in biochar
• mineral carbonation technology, such as capturing carbon in building and other materials.

Conventional and land-based approaches that leverage natural biological systems, without technological intervention, are not eligible. This includes:

• afforestation/reforestation,
• peatland or wetland restoration
• agroforestry are excluded from this program.

The objectives of the program are to:

• accelerate the development of emerging priority CO₂ capture, utilisation, and removal technologies
• support research, development and demonstration to advance technological and commercial readiness of novel or emerging carbon capture, utilisation and removal technologies in hard-to-abate industries such as cement, chemicals and steel
• demonstrate verifiable permanence of CO₂ sequestered via a range of utilisation applications
• support capability development in novel or emerging carbon removal technologies.