On its mission to achieve net zero emissions by 2050, the Australian Federal Government has recently announced a new grant funding opportunity through its Carbon Capture Technologies Program (CCTP), aimed at supporting organisations that are at the forefront of projects in the development of carbon capture and carbon dioxide utilisation technologies.
The objectives of the program are to:
- Accelerate research, development and/or demonstration of emerging priority CO2 capture technologies, including Direct Air Capture, Bio-Energy with Carbon Capture and Storage and/or CO2 utilisation technologies.
- Advanced technological and commercial readiness of Carbon Capture, Utilisation and Storage (CCUS) in hard-to-abate industries such as cement, chemicals, and steel.
- Demonstrate verifiable permanence of CO2 sequestered via a range of utilisation applications.
- Support global CCUS capability development.
A total funding pool of $65 million is available over eight years from 2023-2024 to 2030-2031. Applicants can apply for CCTP grants of between $1 million and $15 million, with funding up to 75% of eligible project costs.
Applicant / Project eligibility
- Applicants must hold an ABN and be registered for GST, be incorporated in Australia (including incorporated trustees on behalf of a trust), a state. territory agency or a Commonwealth entity.
- Projects must have at least $1.33 million in eligible expenditure.
- Be aimed at researching, developing or demonstrating CO2 capture and CO2 utilisation technologies (not solely be a feasibility or engineering study).
- Activities must be located in Australia and aimed at reducing Australia’s emissions.
CCTP grant applications involve a competitive, two-stage process:
- Stage 1 – Submit an Expression of Interest (EOI) by 5 pm AEDT on 31 October 2023.
- Stage 2 – If shortlisted from Stage 1, submit a full application by 9 April 2024.
Further Information and Support
For comprehensive details, eligibility requisites, and guidance on the grant application process, we invite prospective applicants to get in touch with our experienced grants team.