The CarbonNet Project
|Image © 2012 Google
The CarbonNet Project (CarbonNet) is investigating the potential for establishing a world class, large-scale carbon capture and storage network. The network would bring together multiple carbon dioxide (CO2) capture projects in Victoria’s Latrobe Valley, transporting CO2 via a shared pipeline and injecting it into deep underground, offshore storage sites in the Gippsland region of Victoria.
CCS is being investigated as part of a suite of solutions with the potential to mitigate greenhouse gas emissions and help address climate change. It involves capturing CO2 released by power stations or industrial processes, compressing it and then transporting it to an injection site to be sequestered deep underground for safe, long term storage in suitable geological formations – similar to the way oil and gas has been stored underground for millions of years.
CarbonNet is investigating the potential for CCS in Gippsland as the region is widely recognised as a world-class location offering significant potential for CCS. The nearby Latrobe Valley is home to power stations responsible for generating more than 90 per cent of the state’s electricity. The adjacent offshore Gippsland Basin has been found to have the highest technical ranking of 25 major basins across Australia and the largest storage potential of any east coast basin (2009 National Carbon Task Force).
The project is exploring the potential to capture and store 1-5 million tonnes of CO2, per year, with the possibility of scaling up. Successful implementation of this project could be the starting point for an expanding commercial scale carbon transportation and storage system, enabling new industries and a significant reduction in carbon emissions in Victoria.
CarbonNet is managed by the Victorian Department of Economic Development, Jobs, Transport and Resources. It is at feasibility and commercial definition stage with extensive research, engineering and commercial studies being undertaken, including modelling of potential CO2 storage sites. The project is funded by the Australian and Victorian governments.