In support of the Kyoto Agreement and Australia’s associated planned national carbon trading scheme, Hybrid Energy Australia plans to capture carbon dioxide (CO2) emissions from the FuturGas gasification facilities, compress that gas into a liquid, and then store it in the deep naturally occurring underground reservoirs in the North Otway Basin. This process is referred to as ‘geosequestration’.
Carbon capture and storage is, as the name implies, a two stage process. Firstly, the CO2 is separated from the associated gases, then compressed and cooled to liquid form, transported via pipeline to the well–head, and then injected into a deep suitable geological formation for long-term storage.
Carbon dioxide emissions have been identified as a major cause of enhanced greenhouse gas effects leading to global warming. To minimise further increases in the rate of global warming, the need to drastically reduce CO2 emissions has been identified. By capturing the CO2 from the gasification process and storing it underground, where it was previously stored as carbon in the coal, greatly reduces the CO2 added to the atmosphere.
The oil and gas industries have been capturing carbon dioxide and transporting it in pipelines for a number of years, with subsequent injection into mature oil reservoirs to increase oil production.
Carbon Sequestration Leadership Forum (CSLF)
Its 22 members, which produce approximately three-quarters of world emissions, cooperate and collaborate in technology development and demonstration projects. Forum membership spans the world's largest blocks of economic activity, including the North America Free Trade Area, the European Union and the leading economies of Asia.