EduBourseActualitésXstrata Coal becomes foundation member of Global CCS Institute

Xstrata Coal becomes foundation member of Global CCS Institute

Xstrata Coal has become a foundation member of the Global Carbon Capture and Storage Institute (GCCSI), following a meeting of governments, researchers and industry in London this week.
The institute, an initiative announced in September by Australian Prime Minister Kevin Rudd, will aim to accelerate the commercial deployment of carbon capture and storage technologies, focussing on turning the IEA-CSLF-G8 recommendation for a diverse portfolio of demonstration projects by 2020 into a reality.
Xstrata Coal Chief Executive, Peter Freyberg, welcomed the Australian Government’s commitment of AUD100 million per annum for the institute and acknowledged the Rudd Government’s leading role in promoting the role of carbon capture and storage technologies.
Mr Freyberg, said,”Public private partnerships will be critical if CCS technology is going to make a meaningful and timely contribution to reducing global greenhouse gas emissions. The establishment of the institute recognises the urgent need for a greater understanding of the true costs of first-of-a-kind projects in Australia.”
In addition to participating in the GCCSI, Xstrata Coal is investing around AUD250 million to address the company’s greenhouse footprint and support research development and demonstration for low emission technologies through:

Contributor to the Australian coal industry’s voluntary AUD1 billion COAL21 Fund;
Corporate participant in the AUD220 million CS Energy Oxyfuel Demonstration Project in Queensland;
Invest AUD25 million in coal seam methane gas drainage at our operations in 2008;
Potential platform provider for a major low emission coal power project in Queensland; and
Active participation in the work of the Coal Industry Advisory Board to the International Energy Agency, and membership of the Australian Government’s Energy Efficiency Opportunities programme.
Mr Freyberg said that while low emission technologies would be critical to reducing emissions from continued fossil fuel use for power generation, industry was also looking for a comprehensive climate change framework as part of a global solution capable of delivering:

long term energy security;
long term investment certainty for industry;
ongoing economic growth and international competitiveness;
a reduction in Australia’s emissions calibrated to the international reduction task;
availability of a suite of low emission technologies for widespread deployment;
abatement of greenhouse gas emissions at least cost; and
behavioural change not just by producers but also consumers.
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