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carbon capture and storage

Carbon capture and storage technology ‘ready to go’

Australian govt-backed fund offers $A50m for carbon capture, storage

The Global Carbon Capture and Storage Institute has announced a $A50 million annual fund to support large-scale projects around the world.

Applications are open until January 8, 2010.

The institute, funded by the Australian Federal Government, has members including over 30 countries and 130 companies. New Zealand was a founding member.

Its role is to help accelerate CCS projects globally, said chief executive Nick Otter.