eex.gov.au Energy Efficiency Exchange » Mining http://eex.gov.au The bottom line on energy efficiency. A joint initiative of Australian, State and Territory Governments Wed, 22 May 2013 06:30:12 +0000 en-US hourly 1 New data to accelerate development of Carbon Capture and Storage http://eex.gov.au/2012/12/new-data-aims-to-accelerate-development-of-carbon-capture-and-storage/ http://eex.gov.au/2012/12/new-data-aims-to-accelerate-development-of-carbon-capture-and-storage/#comments Fri, 07 Dec 2012 01:43:16 +0000 vanessamorris http://eex.govspace.gov.au/?p=15478
Bathymetric map of the Petrel Sub-basin off the coast of the Northern Territory in northern Australia (Image courtesy Geoscience Australia)

Bathymetric map of the Petrel Sub-basin off the coast of the Northern Territory

Geoscience Australia has released new pre-competitive data that will contribute to Australia’s efforts to accelerate the development of Carbon Capture and Storage (CCS) technology.

The new data, collected offshore from the Northern Territory in the Petrel Sub-basin, is a significant first step in the Australian Government’s $40 million investment to assess the geological suitability of highly prospective offshore basins to potentially store CO2.

The recently released Energy White Paper highlights the important role that CCS technology will play in helping Australia, and its prospective coal and gas industries, to find ways to reduce emissions.

The data will enable industry to make more informed decisions regarding the suitability of sites for CO2 storage and encourage industry to potentially uptake this site.

Geoscience Australia will use the data to undertake a comprehensive assessment of the CO2 storage potential of the Petrel Sub-basin. The results of this assessment, including the associated geological reports, will be available mid-2013.

In addition to the Petrel Sub-basin, assessments will also be completed for the Vlaming Sub-basin (offshore Western Australia), the Browse Basin (offshore Western Australia), and the Gippsland Basin (offshore Victoria).

The data package for the Petrel Sub-basin, including initial data analysis and post-survey reports, is available through the Geoscience Australia website.

]]> http://eex.gov.au/2012/12/new-data-aims-to-accelerate-development-of-carbon-capture-and-storage/feed/ 0 Finance for Clean Technology Grant Bids http://eex.gov.au/2012/03/finance-for-clean-technology-grant-bids/ http://eex.gov.au/2012/03/finance-for-clean-technology-grant-bids/#comments Fri, 23 Mar 2012 03:34:52 +0000 eex http://eex.govspace.gov.au/?p=9082 Low Carbon Australia is offering assistance to help industry meet the cost of their energy efficiency projects when they take advantage of the Australian Government’s Clean Technology Program.

The $800m Clean Technology Investment Program and the $200m Clean Technology Food & Foundries Investment Program provide funding for between 25 per cent and 50 per cent of project costs. Low Carbon Australia is helping companies to finance the balance.

How can Low Carbon Australia assist?

Low Carbon Australia and their finance partners can work with companies to help them demonstrate their project’s credentials in relation to the grants merit criteria by providing assistance with:

  • carbon saving calculations and evaluations
  • preapproved finance to demonstrate your capacity and capability to deliver the project
  • demonstrating your ability to achieve a positive return on investment

The grants program requires businesses to submit evidence of their ability to fund their share of the total project cost. This table outlines the amount of grant funding and the corresponding Low Carbon Australia finance available.

Grant amount Annual turnover ofapplicant* CTP grant applicantco-investment
ratio		 Percentage of total project cost covered by Clean Technology Program grant Percentage of total project cost that Low Carbon Australia can help fund
$25,000 to <$500,000 Less than $100 million 1:1 50% Up to 50%
$25,000 to <$500,000 $100 million or more 1:2 33.3% Up to 66.7%
$500,000 to <$10 million NA 1:2 33.3% Up to 66.7%
Applications for funding of > $10 million plus NA 1:3 25% Assessed case by case

What can be funded?

All energy efficiency equipment and industrial process upgrades that result in emissions reductions or energy savings can be funded by Low Carbon Australia.

Low Carbon Australia and their co-finance partners have the expertise and the finance to help businesses realise the most effective energy efficiency solutions and industrial upgrades for company operations. Their energy efficiency finance will allow businesses to meet their share of project costs without up-front capital.

 For more information about Low Carbon Australia visit www.lowcarbonaustralia.com.au

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