In accordance with our commitment to improve energy efficiency, reduce carbon emissions, encourage low emission technologies, and improve the resiliency of our global assets to climate-related impacts, we support research into the potential of technologies such as carbon capture, utilisation and storage (CCUS) to investigate ways to reduce greenhouse gas emissions from fossil fuel use.
The Intergovernmental Panel on Climate Change and the International Energy Agency identify CCUS as an essential technology to support the delivery of the goals of the Paris Agreement.
What is carbon capture?
CCUS is a group of technologies that can capture up to 95% of the carbon dioxide (CO2) emissions produced by using fossil fuels in electricity generation and industrial processes, and stores this CO2 underground. This prevents the CO2 from entering the atmosphere and adding to global emissions.
CCUS separates CO2 from other gases at the industrial plant or power station producing the CO2. It is then cleaned, compressed and transported to a geologically suitable site for storage. Finally, the CO2 is injected into porous rock formations deep below the surface of the earth.
Glencore and CTSCo
We have been a long-term supporter of CCUS technology to reduce emissions from fossil fuels and to service the hydrogen economy. Our wholly owned subsidiary, the Carbon Transport and Storage Company Pty Ltd (CTSCo), is aiming to demonstrate CCUS on an industrial scale in Queensland.
It is Australia’s most advanced onshore CCUS project and focuses on:
- Capturing CO2 from a coal-fired power station
- Permanently storing the CO2 deep underground in Queensland’s southern Surat Basin
The CTSCo Project will lay the foundation for commercial-scale onshore CCUS from industrial processes and power generation in Queensland’s Surat Basin.
It will also provide a technology pathway for materially reducing Australia’s overall carbon footprint, help federal and state governments achieve their stated emissions reductions targets, and provide a pathway for many of our international end-use customers to reduce CO2 emissions.
Principles we follow
businesses should support a precautionary approach to environmental challenges