BY IAN CROUCH
The Federal Minister for Energy and Emissions Reduction says the University of Newcastle will play a vital role in utilising the Government's new $50 million carbon capture fund.
Angus Taylor visited the University's Institute for Energy and Resources on Monday morning to launch the government's Carbon Capture, Use and Storage Development Fund.
The fund will drive the development of carbon capture technologies, to better store and recycle greenhouse gases.
Minister Taylor says the fund will be critical to achieving zero net emissions from gas and coal fired power stations, without jobs losses or a carbon tax.
"The University is doing extraordinary work in that area already working with Orica, BHP and others on projects to store carbon in products," Minister Taylor said."The Newcastle region can play a world leading role in developing these technologies."
The Minister also paid a visit to the proposed site for
the Snowy Hydro gas peaker in Kurri Kurri.
"If we proceed with that project depending on the private sector commitments to investment, it will be established from day one as compatible with hydrogen, which of course means it could end up being a zero emissions generator over time."
"There are many means to de-carbonize gas generators and other CO2 producers, whether it's fertilizer production or ammonium nitrate, which of course happens here in the Hunter Valley.
"We'll be looking to deploy a range of those technologies in investments we're involved in as well as across the private sector."
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| Newcastle Institute for Energy & Resources |
