Global CCS Institute to Provide $46M to Carbon Capture Projects

Dec 9 2009 | 10:26am ET

Got a large-scale carbon capture and storage project and need some funding? The Global CCS Institute, funded by the Australian government, is taking applications for support worth a total of AUD 50 million (US$49 million).

The institute says there are 55 such fully integrated, commercial-scale projects around the world, each at a different stage of development but all facing similar barriers.

The institute says it will help them overcome these barriers by providing funding for concept and pre-feasibility studies, or specific aspects of feasibility and front-end engineering and design (FEED) studies.

As for what’s in it for the Global CCS Institute, it says it will “capture relevant knowledge from the projects it supports to allow the broader industry to learn from project experiences.”

Institute support will be allocated through engagement with projects on an ongoing basis, and may be allocated for single or multiple years to meet the specific needs of different projects. The deadline for formal applications is 8 January 2010.

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