There are carbon storage projects that could meet Clean Energy Finance Corporation investment conditions, according to a CCS expert newly-appointed as chief executive of the Minerals Council.
A multi-billion dollar brown coal-to-hydrogen industry can only succeed in Victoria if the CarbonNet geosequestration project goes ahead, the federal and state government have acknowledged.
The federal government today introduced a bill that would give the agency supervising the offshore oil and gas industry substantial new powers to regulate greenhouse gas storage activities.
Resources company New Hope Group has told a Senate inquiry the Clean Energy Finance Corporation should help finance a Queensland project that would capture up to one million tonnes of CO2 a year and boost oil production.
State governments are continuing to push ahead in developing clean hydrogen technologies, with a major new project in Victoria by Kawasaki Heavy Industries, and the announcement of a new 'green hydrogen' facility for South Australia.