Julian Turecek joins Corporate Carbon - media release 30 July 2021

Visionary energy executive, Julian Turecek joins Corporate Carbon

Pioneering carbon project developer, Corporate Carbon today announced that energy executive, Julian Turecek will be joining the company in a full-time capacity from Monday, 2 August 2021.

Turecek brings to the team three decades of experience in the energy industry across all forms of power generation, upstream gas, venture capital, finance, trading, and policy and government affairs. He will be joining as Executive Director and focusing on delivery of a major Commonwealth Grant-funded initiative in Carbon Capture and Storage secured by Corporate Carbon just last month.

Julian Turecek comes to Corporate Carbon having worked at Energy Australia, Origin Energy, Cleantech Ventures and BHP Petroleum among others.

“This really marks a positive inflection in the growth of the company, at the same time that we are seeing global capital, community interest and government policies all focusing on mitigating climate change through carbon abatement,” said Corporate Carbon Chair, Matthew Warnken. “Julian’s career-long interest and experience in this space, and prior relationship with the company as Non-Executive Director, means that he will be able to hit the ground running and bring significant additional capacity at this crucial time in the carbon market.”

Corporate Carbon delivers climate solutions from project development to sale of credits, ensuring emissions reductions, carbon sequestration and co-benefits for the environment, individuals and businesses. Led by Turecek, Corporate Carbon’s Pilot Direct Air Carbon Capture, Use and Storage: off-site abatement and ACCUs project will deliver a pilot scale Direct Air Carbon Capture, Use and Storage facility to operate at 1t CO2/day.

“I am delighted to be joining Corporate Carbon on a full-time basis at this exciting part of the company's growth and am very much looking forward to working with the team and our industry partners to deliver this ground-breaking new technology”, said Turecek.

“We see huge potential in Carbon Capture and Storage, specifically Direct Air Capture. Following from our success in pioneering soil carbon projects across Australia, Corporate Carbon intends to take a leading role in securing the potential of Direct Air Capture,” said Corporate Carbon Managing Director, Gary Wyatt.

“We see the technology as complementing our other streams of carbon abatement such as vegetation, agriculture, renewable energy and human induced regeneration,” said Wyatt.

For more information and media enquiries contact:

Julian Turecek, Executive Director (from Monday, 2 August 2021)

+61 408 256 848 | julian.turecek@corporatecarbon.com.au

Gary Wyatt, Managing Director, Corporate Carbon Advisory

+61 458 567 992 | gary.wyatt@corporatecarbon.com.au | www.corporatecarbon.com.au  

BACKGROUND

Julian Turecek has an extensive track record in the energy industry spanning three decades. Prior to joining Corporate Carbon, he was an executive at Energy Australia. He has worked for ASX Top 50 firms, such as Origin Energy and BHP, as an electricity, gas and environmental markets trader and trading manager, in regulatory and government affairs and in venture capital specialising in the clean energy sector. He is recognised as a subject matter expert in carbon trading, having taught a post-graduate course in Carbon Finance at Macquarie University’s Applied Finance Centre.

He holds a Bachelor of Chemical Engineering (Hons), a Bachelor of Commerce and a Master of Applied Finance.

Corporate Carbon delivers climate solutions from project development to sale of credits, ensuring emissions reductions, carbon sequestration and co-benefits for the environment, individuals and businesses. It has been instrumental in demonstrating the commercial viability of capturing CO2 in agricultural soils. It created the first soil carbon credits under the Emissions Reduction Fund (ERF) and through its spin-off company (AgriProve) has registered more than 75% of all soil carbon projects under the ERF.

Delivering more than 8.8 million ACCUs to the Clean Energy Regulator and commercial clients, Corporate Carbon has expertise in managing Australian Carbon Credit Unit (ACCU) delivery risks, navigating complex policy, legislation and regulatory compliance, and a track record in developing novel processes, methods and supporting technologies to assist in their activities.

Direct Air Carbon Capture, Use and Storage Project

Corporate Carbon was awarded a $4 million grant last month as part of the federal government’s $50 million Carbon Capture Use and Storage Development Fund. The intended outcomes of the grant program are to lower the cost of technology adoption, encourage industry investment in deploying CCUS in Australia, and progress the deployment of CCUS projects from R&D towards commercial operation.

The project, Pilot Direct Air Carbon Capture, Use and Storage: off-site abatement & ACCUs will deliver a pilot scale Direct Air Carbon Capture, Use and Storage (DACCUS) facility to operate at 1t CO2/day. Corporate Carbon’s DACCUS facility will be constructed at an existing injection well, with the captured CO2 being geologically stored.

Corporate Carbon envisages this project as the first to a large scale (1Mt CO2/year) DAC facility fully powered by renewable energy. The development and delivery of this project will be a steppingstone to place Australia in a unique position to play a leading role in this emerging industry by harnessing Australia’s ideal conditions for solar energy, due to high solar intensity and close proximity to some of the world’s best geological sequestration sites.