Industry backs carbon capture

Industry in Western Australia's south west has welcomed federal funding for what could be the state's first on-shore carbon capture and storage facility.

The government has allocated $52 million to the Collie facility which would capture CO2 from nearby industry and store it underground, cutting the state's carbon dioxide emissions by up to 10 per cent.
The funding will be used to pay for a detailed feasibility study.
Perdaman Chemicals and Fertilisers plans to establish a $3.5 billion dollar urea plant in the area and is one of six companies which would contribute to the total cost of the project.
Perdaman's Andreas Walewski says industry in the region acknowledges it needs to act to reduce its emissions.
"I think we all accept that carbon emissions are an issue and we have to do something about it so this is a very good solution both technically and commercially going forward," he said.
"It takes at least four or five years before this will be up and running but you have to look long term, so ultimately it will enable us to reduce our emissions and there's a cost on emissions, we all know that."

Source: http://www.abc.net.au/news/2011-06-11/industry-backs-carbon-capture/2755022