Carbon Capture Use and Storage Development Fund


The Carbon Capture, Use and Storage Development Fund provides businesses with grants of up $25 million for pilot projects or pre-commercial projects aimed at reducing emissions.

Closed
Close date: 29 Mar 2021 05:00 PM AEDT.

What do you get?

Grants from $500,000 to $25 million.

Who is this for?

Companies, State/Territory agencies and authorities of the Commonwealth engaging in carbon capture, use and storage (CCUS) technologies in Australia.

Overview


The objectives of the program are to:

  • reduce emissions across energy generation, natural gas or hydrogen production and heavy industries (including manufacturing, chemicals, cement and fertiliser production)
  • foster existing, pilot or pre-commercial CCUS facilities that could connect into a regional CCS hub in the future and bring together a network of multiple greenhouse gas emitters enabling reductions in costs and risks for CCUS projects and large-scale abatement
  • support the Australian Government’s priority technology stretch goal to compress, transport and store carbon dioxide (CO2) for less than $20 per tonne of CO2
  • leverage expertise and viable geological storage resources for CCUS in Australia
  • support new opportunities to use carbon dioxide in the development of CO2-derived products and services.

There is $50 million available for this grant opportunity.

The minimum grant amount is $500,000 and the maximum grant is $25 million.

You must complete your project by 30 June 2025. 

Your project must be located in Australia.

Eligibility


What are the eligibility criteria?

To be eligible you must have an Australian business number (ABN).

You must also be one of the following entities:

  • an entity incorporated in Australia and a trading or financial corporation
  • a foreign corporation
  • an incorporated trustee on behalf of a trust where the trustee is also a trading, financial or foreign corporation
  • an Australian State/Territory Government agency or body
  • an authority of the Commonwealth such as the Commonwealth Science and Industrial Research Organisation.

If you're an entity incorporated in Australia and a trading or financial corporation, your trading or financial activities must either:

  • form a sufficiently significant proportion of the corporation's overall activities as to merit it being described as a trading or financial corporation
  • be a substantial and not merely peripheral activity of the corporation.

We can only accept applications:

  • where you can provide evidence from your board (or chief executive officer or equivalent if there is no board) that the project is supported, and that you can complete the project and meet the costs of the project not covered by grant funding
  • where you can provide evidence of how you will provide your share of project costs such as an accountant declaration that confirms you can fund your share of the project costs, including any ineligible expenditure
  • from a Foreign Corporation where you and/or your sub-contractors are not on the Consolidated List

An accountant declaration template is available to provide evidence of project costs.

If you are ineligible you may be able to submit a joint application. Joint applications are acceptable, provided you have a lead applicant who is the main driver of the project and is eligible to apply.

Check the full eligibility details in the grant opportunity guidelines.

Applying


How do you apply?

The Carbon Capture Use and Storage Development Fund is closed to applications.

Need help?

  • Contact us for help with your application or to find out more.

  • Monday – Friday, 8am – 8pm across Australia

Key documents


Grant opportunity guidelines

Sample grant agreement

Accountants declaration template

Board or CEO approval letter