Italian giant Eni has joined Australian carbon capture, utilisation and storage (CCUS) research group CO2CRC.
CO2CRC confirmed Wednesday Eni had become the company’s newest member, joining other industry heavyweights such as Chevron, ExxonMobil, Shell, Total, BHP, Santos and Woodside Petroleum, among others.
“Eni is quickly becoming an industry leader in development and application of carbon capture, utilisation and storage technologies which play a crucial role in the decarbonisation strategy of the company,” CO2CRC chief executive David Byers said.
“We believe that having industry leaders like Eni contribute to CO2CRC’s work programmess will greatly advance the uptake of the CCUS technologies tested at CO2CRC’s Otway International Test Centre and help reduce CCUS costs globally.”
Byers also noted that CCUS has been identified as a priority technology under the Australian government’s Technology Investment Roadmap, with the government expecting to invest more than A$18 billion (US$14 billion) in low emissions technologies over the decade to 2030.
Earlier this month the government unveiled over A$1.1 billion in additional funding towards helping reduce emissions, which included A$263.7 million will be used to help support the development of CCS and CCUS hubs.
CO2CRC is a not-for-profit research organisation, funded through government grants, membership fees and direct investments from industry and research bodies.