CO2CRC’s chief executive David Byers has announced that CO2CRC has established a wholly owned subsidiary company, CO2Tech.
He said the centre launched CO2Tech to meet the growing customer need for multi-disciplinary technical consultation, advisory and project management services across the whole CCUS value chain.
CO2Tech will have access to the Otway International Test Centre (OITC) and CO2CRC’s expertise via commercial agreements.
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“CO2Tech will allow CO2CRC Limited to offer our industry partners and customers, tailored solutions while preserving commercial confidentiality,” Mr Byers said.
“CO2Tech will be pleased to work with industry customers to help them achieve their emissions reductions goals by applying individualised technologies and techniques that result in lower costs for capturing, storing or utilising CO2.
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“It is an exciting era for CCUS at international, national and industry levels. CCUS has been identified as a priority technology under the government’s Technology Investment Roadmap.
“CO2CRC will continue to partner with world leading researchers, international industry and Australia Federal and State Governments to continue its traditional collaborative research model to advance the deployment of CCUS. This includes contributing to the achievement of the Australian Federal Government’s long-term stretch goal for CCS ($20 per tonne for CO2 compression, transport and storage).”