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The CarbonNet ProjectThe 33rd Clean Coal Day International Symposium
2 September 2024
Jane Burton, Project Director

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Acknowledgementof Country
We acknowledge the Traditional

Custodians of the lands on which we meeton today and their ongoing connection tolands, waters and communities.
We pay our respect to their culture and toElders past and present.

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Victoria’s emissions reduction target‘To achieve net zero emissions by 2045’=CCUS is required in all major global and Australian carbon
abatement modelling scenarios*, even when renewableenergy provides 100% of our power needs.

*International Energy Agency (IEA), International Renewable Energy Agency (IRENA), Intergovernmental Panel on Climate Change (IPCC), CSIRO, and NetZero Australia Report – Princeton, UoM, UoQ, Nous

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CarbonNet is a government funded project

Established in 2009, CarbonNet is fundedby the Commonwealth and Victorian Stategovernments

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Market opportunity
The role of CCUS

1Victoria has world class natural resources and opportunities todevelop a substantial economic opportunity in CCUS
Opportunities to support Australianand APAC decarbonisationOpportunities in Victoria

Decarbonisingindustry

Low-carbon hydrogen,ammonia & urea

3Negativeemissions

CO2 Shipping
imports

Domestic& Export
Taking CO2 from industrial
processes, reducing emissions
in Victoria

CCUS displaces grey hydrogenin industry, and fuels forshipping and aviation

Near term opportunities targetedInterstate &International
BECCS and DAC remove CO2 fromthe atmosphere, offsetting hard-toabate industries

5Longer term opportunities

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Projects can support decarbonisationof regions without local CO2 stores byaccepting shipping imports

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Project Overview
CarbonNet is progressing the development of a commercial-scale, multi-user Carbon
Dioxide (CO2) transport and storage network, connecting industry in the Latrobe Valley
and further afield to world class CO2 storage sites offshore in the Gippsland Basin.
•Jointly funded by the Commonwealth and State
governments•

10+yrs of significant research including work with
CO2CRC, CSIRO and University of Melbourne.

•Feasibility studies across full CCS chain•

Environmental risk assessment: inc. air and groundwater•Australia’s first GHG Offshore Appraisal Well drilled inDecember 2019.

•Watch our video for an overview of the project –Google ‘CarbonNet Project’

Project is working within a complex regulatoryframework

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Preferred pipeline route has been
identified with surveys currently
underway

FEED was completed early 2024

Projectupdates
Environmental referrals are being
prepared for submission

Market Sounding is underway

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Project infrastructure
Latrobe Valley

100km

Gippsland
Basin

Underground pipeline

80km | 20km
OnshoreOffshore

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CarbonNet’s
offshore permits

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Front End Engineering Design (FEED) complete•Commenced in May 2023, CarbonNet’s FEED package was delivered by Worley. Final
documentation approved in March 2024. Financial support from JOGMEC.

•

Critical to Business Case and environmental referrals•

Will provide clarity around•class 3 capital cost estimate over 40+ years•

operating cost estimate for the project life cycle•

Single technical option•

Size of equipment (e.g. diameter of pipeline)•

Process and instrument diagrams•

Procurement of long lead equipment•

Completed critical reviews (HAZID, HAZOP, SIL Review, SMS, Risk Review, 30% DesignReview, Constructability Review, Cost Estimate Review•

Detailed design underway.
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2015

2017/2020

Planning, environment, heritage, land and culture

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2024

2023

2020

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Marine Seismic
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Economic benefits – Jobs & GRP

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OFFICIALWork completed by EY Australia

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Community engagement

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Keep up to date:

Subscribe to
our e-news

www.vic.gov.au/CarbonNet

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