Australia and India Forge CCS Partnership for Emission Reduction
A memorandum of understanding between CO2CRC and IIT Bombay aims to enhance carbon capture and storage (CCS) collaboration. This partnership is crucial for India's energy transition, which includes a $3.7 billion plan for CCS development as part of its national strategy by 2047.
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CO2CRC has signed a memorandum of understanding with the Indian Institute of Technology Bombay to enhance carbon capture and storage (CCS) collaboration. India plans to invest $3.7 billion in a five-year CCS initiative as part of its national development plan through 2047.
This partnership builds on Australia's extensive CCS research, particularly at the Otway international test centre, which has injected over 100,000 tonnes of CO2 since 2008. The growing demand for CO2CRC's expertise reflects a shift toward commercial CCS deployment, necessitating lower costs and public support. As CCS projects scale, the integration of AI and advanced modeling is expected to improve project performance and storage assurance.
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