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Coal 21’s objective is to deliver these technologies to Australia by 2015, and the Coal 21 fund is being formed by an industry levy of 20 cents per tonne on coal production.
In the first of a two-part series, InvestorTV spoke to the Australian Coal Association’s Executive Director Ralph Hillman, to find out which projects the fund has invested in so far.
“The [projects] that the Coal 21 fund is directly involved with are the CS Energy Oxy Firing Project at Callide in Queensland,” Mr Hillman says. “It’s a $205 million project and the Coal 21 fund is putting in $67.9 million. And this technology can be retrofitted to existing power stations.
“Similarly in New South Wales we are committed in principle to a post combustion capture and storage project with the NSW Government – a $150 million project whose specifications are still being discussed. Once again this is a technology that can be retrofitted to existing power plants.
“The third big project we’re committed to is a very large participation in an integrated gasification combined cycle technology project in Queensland,” Mr Hillman says.
“We’re committed to $300 million with that with the Queensland Government – it’s probably going to be a $1 billion to $1.2 billion project but it’s not a retro fit technology.
“This is, in a way, the longer term way of the future technology because it’s more efficient in energy terms than the two technologies I just discussed previously.
“But it’s probably going to take a bit longer to get a commercial plant on the ground because there’s a lot more work to be done.”
Coal 21’s funding commitments will not be restricted to these three flagship projects however, Mr Hillman explains.
“We have other projects we are currently looking at and particularly storage projects in NSW and Queensland,” he says. “We’re also looking at participating at stage two of the Otway injection project – stage 1 is being done by the CO2CRC.
“That is to test in Australia under Australian conditions the technology of injecting CO2 and storing it underground.
“The second stage of that project which we’re going to contribute to, will probably look at a more intensive monitoring programme to see just how the CO2 distributes itself in the sub-strata into which its been injected. Storage is really a very important issue and we are investing in it.”
In the first of a two-part series, InvestorTV spoke to the Australian Coal Association’s Executive Director Ralph Hillman, to find out which projects the fund has invested in so far.
“The [projects] that the Coal 21 fund is directly involved with are the CS Energy Oxy Firing Project at Callide in Queensland,” Mr Hillman says. “It’s a $205 million project and the Coal 21 fund is putting in $67.9 million. And this technology can be retrofitted to existing power stations.
“Similarly in New South Wales we are committed in principle to a post combustion capture and storage project with the NSW Government – a $150 million project whose specifications are still being discussed. Once again this is a technology that can be retrofitted to existing power plants.
“The third big project we’re committed to is a very large participation in an integrated gasification combined cycle technology project in Queensland,” Mr Hillman says.
“We’re committed to $300 million with that with the Queensland Government – it’s probably going to be a $1 billion to $1.2 billion project but it’s not a retro fit technology.
“This is, in a way, the longer term way of the future technology because it’s more efficient in energy terms than the two technologies I just discussed previously.
“But it’s probably going to take a bit longer to get a commercial plant on the ground because there’s a lot more work to be done.”
Coal 21’s funding commitments will not be restricted to these three flagship projects however, Mr Hillman explains.
“We have other projects we are currently looking at and particularly storage projects in NSW and Queensland,” he says. “We’re also looking at participating at stage two of the Otway injection project – stage 1 is being done by the CO2CRC.
“That is to test in Australia under Australian conditions the technology of injecting CO2 and storing it underground.
“The second stage of that project which we’re going to contribute to, will probably look at a more intensive monitoring programme to see just how the CO2 distributes itself in the sub-strata into which its been injected. Storage is really a very important issue and we are investing in it.”
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