More than $200,000 is available to facilitate industry investment and research.
The Carbon Capture and Storage Research Development and Demonstration Fund (CCSRDDF) will provide up to $25 million for research, development and demonstration activities in carbon capture and storage (CCS). The grants support CSS activities, with focus on the transport and storage of carbon dioxide (CO2). Grants are offered to industry and research organisations based on merit.
The Fund supports research in:
- subsurface knowledge and mapping
- transport infrastructure, technology and methods
- whole-of-chain integration and cross-cutting issues
- international collaboration and partnerships.
The Carbon Capture and Storage Research Development and Demonstration Fund (CCSRDDF) aims to reduce the barriers to deploying large-scale carbon capture and storage (CCS) projects and encourage industry investment in the technology.
The minimum grant amount is $200,000 (GST exclusive). There is no maximum grant amount.
While there is no maximum grant value under the program, no single applicant or application will receive all available funding.
Grants will be a maximum of 50% of Eligible Expenditure (but may be less). Eligible Projects must include a minimum of $40,000 (GST exclusive) in Eligible Expenditure.
To be eligible for CCSRDDF, an Applicant must:
- be an Eligible Corporation that is non-income tax exempt and registered for Goods and Services Tax (GST) or an Eligible Research Organisation; and
- not be named by the Workplace Gender Equality Agency as an organisation that has not complied with the Workplace Gender Equality Act 2012 (Cth); and
- provide evidence of support from its board, or in the absence of a board, support from the owner or Chief Executive Officer of the Applicant, that the Applicant can undertake the Project and commit to contributing the cost of the Project over the Project period that will not be met by Grant Funding; and
- Provide a Project funding strategy, including an Accountant Declaration, that confirms the Applicant’s ability to fund its share of the Project costs. The Accountant Declaration must be in the form stipulated and available from www.business.gov.au;
- have ownership, access to, or the beneficial use of, any intellectual property necessary to carry out the Project.
In order for a Project to be considered an Eligible Project, the Project must:
- include Eligible Activities
- have at least $400,000 in Eligible Expenditure
- be able to commence by 1 July 2017.
The maximum Project duration is until 30 August 2019. There is no minimum Project duration.
Applications for the first funding round close 23 February 2016.
The programme is not currently accepting new applications.