SACOME Welcomes Australia’s First Low Emissions Technology Statement 2020
The South Australian Chamber of Mines and Energy (SACOME) welcomes the release of the Federal Government’s First Low Emissions Technology Statement 2020.
SACOME supports the development and implementation of carbon reduction initiatives set out in the roadmap including: the establishment of Australia’s first regional Hydrogen hub, the development of commercial scale Carbon Capture and Storage (CCUS), and production of low-emission steel based in South Australia’s Upper Spencer Gulf.
SACOME also welcomes the inclusion of small modular reactors (SMR) on the roadmap’s watching brief. The accelerated commercialisation of SMR technology as a reliable, low-emissions power source is supported by SACOME.
The potential economic growth and employment opportunities through the development of CCUS, a hydrogen hub and the production of low emission steel are significant, with South Australia being well positioned to fast-track these emerging technologies.
SACOME member company Santos’ Moomba CCUS project has the potential to be a large-scale carbon sink for power generators and other industries in eastern and southern Australia, with Santos eager to progress final investment decision on this 1.7 million tonne per annum carbon capture facility by the end of the year.
The strategic development of hydrogen through the National Hydrogen Strategy has the potential to create significant commercial opportunities for South Australia when combined with the State’s abundant renewable energy generation as a feedstock to hydrogen production.
The commercialisation of hydrogen production creates further opportunities for manufacturing, including the production of ‘green steel’ in the Upper Spencer Gulf.
Rebecca Knol, Chief Executive Officer said “The development of CCUS, commercialisation of hydrogen and the production of low-emissions steel has significant potential to create new industries for the State while progressing carbon reduction goals and positioning South Australia front and centre for the jobs of tomorrow.
South Australia also possesses large quantities of uranium and stable geology conducive to making nuclear energy a viable low-cost, low-emissions option and we continue to advocate for the progress of SMR technology.
The South Australian resources sector is well-poised to play an important role in the development of the Statement’s emerging technology priorities and already employs 26,000 people directly and indirectly, delivers $6.4 billion in production, $5.3 billion in exports and $299 million in royalties to South Australians.
Media contacts:
Rebecca Knol, CEO SACOME, 0409 012 007
About SACOME
The South Australian Chamber of Mines and Energy is the peak industry association representing companies with interests and connections to the South Australian resources and energy sector.
SACOME supports the development and implementation of carbon reduction initiatives set out in the roadmap including: the establishment of Australia’s first regional Hydrogen hub, the development of commercial scale Carbon Capture and Storage (CCUS), and production of low-emission steel based in South Australia’s Upper Spencer Gulf.
SACOME also welcomes the inclusion of small modular reactors (SMR) on the roadmap’s watching brief. The accelerated commercialisation of SMR technology as a reliable, low-emissions power source is supported by SACOME.
The potential economic growth and employment opportunities through the development of CCUS, a hydrogen hub and the production of low emission steel are significant, with South Australia being well positioned to fast-track these emerging technologies.
SACOME member company Santos’ Moomba CCUS project has the potential to be a large-scale carbon sink for power generators and other industries in eastern and southern Australia, with Santos eager to progress final investment decision on this 1.7 million tonne per annum carbon capture facility by the end of the year.
The strategic development of hydrogen through the National Hydrogen Strategy has the potential to create significant commercial opportunities for South Australia when combined with the State’s abundant renewable energy generation as a feedstock to hydrogen production.
The commercialisation of hydrogen production creates further opportunities for manufacturing, including the production of ‘green steel’ in the Upper Spencer Gulf.
Rebecca Knol, Chief Executive Officer said “The development of CCUS, commercialisation of hydrogen and the production of low-emissions steel has significant potential to create new industries for the State while progressing carbon reduction goals and positioning South Australia front and centre for the jobs of tomorrow.
South Australia also possesses large quantities of uranium and stable geology conducive to making nuclear energy a viable low-cost, low-emissions option and we continue to advocate for the progress of SMR technology.
The South Australian resources sector is well-poised to play an important role in the development of the Statement’s emerging technology priorities and already employs 26,000 people directly and indirectly, delivers $6.4 billion in production, $5.3 billion in exports and $299 million in royalties to South Australians.
Media contacts:
Rebecca Knol, CEO SACOME, 0409 012 007
About SACOME
The South Australian Chamber of Mines and Energy is the peak industry association representing companies with interests and connections to the South Australian resources and energy sector.