|BCIA’s 2013/14 R&D Funding Round|
|BCIA Chief Executive Officer, Dr Phil Gurney|
|I am proud to announce in this special issue of BCIA’s Perspectives newsletter that BCIA has now completed its assessment process for the 2013/14 funding round. The response to our call for new opportunities for low emissions brown coal power generation technologies was outstanding. We received 18 applications involving nearly 40 international and Australian based companies and research institutes.|
|Following a thorough assessment process, BCIA has awarded $3.1 million towards a $12M portfolio of world-class research and development projects. |
In this special edition of Perspectives on Brown Coal we look at six of the nine successful projects in our recent funding round. These projects will target improved efficiency and significantly reduced carbon emissions from brown coal power generation in Victoria and the technologies developed have applicability throughout the world.
BCIA was delighted that the successful projects could be announced by the Victorian Minister for Energy and Resources, Russell Northe at the opening of the Third Low Rank Coal Symposium, which was held in Melbourne recently. Mr Northe showed his support for these R&D projects and their potential to boost the economy, create more jobs and deliver a sustainable energy source.
“Victoria has a great opportunity to capitalise on projects such as this with its abundant reserves of brown coal which, with the right measures in place for making brown coal an efficient and sustainable industry, has great potential for boosting the economy.
“That is why the Victorian Government is supporting and investing in projects that can deliver real outcomes for innovating the industry, creating jobs and delivering a sustainable energy source for future demand,” Mr Northe said.
Our 2013/14 R&D funding round demonstrates there is substantial international and domestic commercial interest in securing a sustainable future for Victoria’s vast and unique brown coal resource; one of the largest and lowest cost lignite coal resources to be found anywhere in the world.
| The latest report from the Intergovernmental Panel on Climate Change (IPCC) acknowledges the urgent need for low emission energy technologies – including fossil fuel plants equipped with carbon capture and storage (CCS) – and highlights the critical role that CCS must play in mitigating the impacts of global warming. |
The projects we have announced will accelerate efforts to deliver sustainable energy from brown coal by reducing carbon emissions from coal-fired power and cutting the cost of carbon capture technologies.
The involvement in our research program of significant international and local industry players not only shows a recognition of the world-class research being undertaken in Australia, but will also enable the innovative technologies developed here to be commercially adopted as quickly as possible.
The commercial success of such technologies would secure Victoria’s - and indeed Australia’s - future economic prosperity by enabling the continuation of low cost power generation while also creating valuable new industries and employment opportunities in the State’s Latrobe Valley.
BCIA’s direct innovation investment for the current funding round is $3.1 million. The new portfolio of low emissions R&D projects includes co-investment from participating research institutes and industry in addition to the State and Commonwealth Government (via Australian National Low Emissions Coal R&D) investments managed by BCIA. When the full co-investment allocation is finalised, the full value of the research portfolio is expected to exceed $12 million.