The CO2CRC Otway Project continues to demonstrate that carbon capture and storage is a viable option for CO2 mitigation. The CO2CRC Otway Project is Australia’s first CO2 demonstration project, with two projects completed, involving geological storage of some 80000 tonnes of CO2 over the past 10 years. The project was initially authorised for a single stage with a finite life, but the growing requirements of the global carbon capture and storage community required further research on carbon capture and storage technologies and behaviour (via Stages 2 and 3), and so the project was extended. CO2CRC has undertaken 360-degree stakeholder engagement processes throughout the project, regularly consulting with regulators, governments, industry, partners, researchers and the community. This has been especially important as the project changed, operating in a niche space between Victorian environment, petroleum and water Acts. This process has allowed CO2CRC to contribute to alignment efforts within regulatory bodies, to enhance regulations to cover project activities, ensuring best practices are documented and observed to the satisfaction of the regulators and wider community. The Otway Basin in south-west Victoria is a region not immune to broader community concerns regarding the oil and gas and other industries. The surrounding area is predominately dairy farming, with locals relying heavily on the aquifers beneath their land. Although such a backdrop suggests potentially high levels of concern and scrutiny, especially when projects necessitate drilling or other invasive activities, the project has maintained strong local stakeholder engagement and support due to ongoing implementation and evaluation of the stakeholder management processes.
Carbon Capture and Storage Technologies in the European Power Market
