This document discusses plans for a proposed integrated CO2 storage hub in Collie, Western Australia. The Collie Hub would involve multiple industrial partners capturing and storing their CO2 emissions in a shared storage site. Key points include:
- The Hub would initially store 2.4 million tonnes per year of CO2 from Perdaman Chemicals and potentially up to 7 million tonnes total from future power generation.
- CO2 would be stored in the Lower Lesueur region, with a goal of storing up to 260 million tonnes over 40 years.
- Alcoa's red mud waste would also be stored underground, sequestering over 300,000 tonnes per year.
- Challenges
22. Up to 260 Mt total in 40 yearsLOWER LESUEUR REGION 33o00’ LEGEND Mapped Area Study Area Fault Anticline 20 km Transfer Fault BUSSELTON 116o00’ 115o00’
35. PROJECT ATTRACTIONS Multiuser CO2 Hub with significant commitments from members Phased development and funding requirements help manage technical & commercial risks Proven commercial development structures, contracts and regulatory framework Economic outcomes justify investment with appropriate CCS Flagship Funding Key risks identified and are manageable
42. LESSONS LEARNT - HUB You have to be naive to attempt it Set common goals early A step change to CO2 emissions for coal users! Give a future for the coal industry Allow long-term decision-making Everything takes longer than anticipated Legal Contractual Differing cultural/legal approaches Changes in members circumstances can affect the group Competitors can work together for common benefits
43. LESSONS LEARNT - HUB In developing the concept, no transport or storage operators – getting the objectives right is more important than the technicalities of operating Consider others that can benefit the project (and benefit from the project) No-one likes spending money Government understands funding not finance Government as facilitator and regulator – look at how role transitions Decision stages are important for investment, but work needs to happen in parallel Risk assessment needs to include financial
44.
45. A lot of discussion will revert to renewables such as solar and wind