Media release – Friday 12 November 2021
CORPORATE CARBON CONGRATULATES SYDNEY SUSTAINABLE CARBON ON AWARD OF A STUDENT MUSK PRIZE FOR US$250,000
Corporate Carbon, one of Australia’s leading carbon project developers, is today congratulating the team at Sydney Sustainable Carbon on the news that they have been awarded an XPRIZE Carbon Removal Student Award, valued at US$250,000.
The team at the University of Sydney, led by Professor Deanna D’Alessandro, is working on ground-breaking new technology involving Metal Organic Frameworks (MOFs) which can be used to isolate carbon dioxide from the atmosphere. This innovative technology is at the heart of Southern Green Gas’s modules for Direct Air Capture, which are to be deployed in a world’s-first project using solar energy to power the units. In September, Southern Green Gas and Corporate Carbon executed a Memorandum of Understanding to commercialise this technology.
“Corporate Carbon is delighted for the team’s Student Award, providing additional funding to develop and optimise the technology. We look forward to working further with Deanna and her team to deploy the technology in the field and to start on the vital journey to facilitating net zero with carbon removals”, said Julian Turecek, Executive Director at Corporate Carbon.
For more information and media enquiries contact:
Julian Turecek, Executive Director +61 408 256 848
julian.turecek@corporatecarbon.com.au
BACKGROUND
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. The development and delivery of this project will be a stepping stone 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. In September 2021, Corporate Carbon and Southern Green Gas signed a Memorandum of Understanding for the deployment of DAC technology in a range of projects, starting with the 1tpd project at Moomba, South Australia.
