We recognise the importance of abatement mechanisms such as carbon, capture and storage (CCS) to achieve the goals of the Paris Agreement.
What is carbon capture?
CCS is an integrated suite of technologies that can capture CO2 before it is released into the atmosphere. CCS technology can be deployed to capture CO2 emissions produced by using fossil fuels in electricity generation and industrial processes and then sequester this CO2 underground. The International Energy Agency (IEA) identifies CCS as needing to form a key pillar in efforts to put the world on the path to net-zero emissions.
Glencore and CTSCo
We have been a long-term supporter of CCS initiatives. Our wholly owned Carbon Transport and Storage Company (CTSCo) Project aims to demonstrate carbon capture from a power station and the sustainable permanent storage of the captured CO2 in the Surat Basin in Queensland, Australia.
The CTSCo Project has the potential to store significant volumes of CO2 to reduce existing and future sources of emissions. The project is intended as a first step toward large-scale CCS, with the potential for emissions from multiple industrial emission sources being captured and safely stored.
The CTSCo Project provides an opportunity for Australia to develop expertise in CCS from coal-fired power generation and assume a leadership role exporting this technology to international customers. As well as supporting the reduction of emissions from the use of fossil fuels across a range of industrial sectors in Australia, the project also provides a platform for producing low-cost hydrogen.
CTSCo has commenced the environmental approvals process with the Queensland Government for the demonstration project.
Principles we follow
businesses should support a precautionary approach to environmental challenges