The Northern Territory Government in partnership with the CSIRO, industry and engineering companies have today signed an agreement to fast-track emissions reduction across Northern Australia’s energy sector.
The agreement will see all parties, including INPEX, Santos, Eni, Woodside, Xodus Group and Origin Energy, develop a joint business case to assess the viability of a large-scale low emission Carbon Capture, Utilisation and Storage (CCUS) Hub at Middle Arm. The business case will be supported by detailed reports and techno-economic models to chart development and highlight investment opportunities.
“The CCUS Hub will be a game-changer in positioning Middle Arm as a magnet for investment, which will create more jobs and trigger new opportunities within the Territory."
Michael Gunner, Chief Minister for the Northern Territory
The hub would be one of the largest multi-user, multi-access facilities in the world, and will create a long-term sustainable solution to storing carbon across Northern Australia.
The hub will:
- transform Middle Arm into a globally competitive and sustainable energy and manufacturing precinct
- enable the Territory to meet the growing demand for low carbon energy, both domestically and internationally
- accelerate the creation of low emission advanced manufacturing
- enable carbon from other industrial sectors to be captured and stored.
With increasing demand for low carbon products, the hub presents a significant investment opportunity and will drive job creation and sustainable economic growth in the Territory.