Download the report
Unlocking value from captured carbon
The CO2 Utilisation in Australia: State of Play report provides an update of industry and policy activity since the release of CSIRO’s 2021 CO2 Utilisation Roadmap, and analyses the domestic economic and abatement opportunity in 2050 for utilising CO2 to produce several carbon-derived products.
Since 2021, Australia's CO2 utilisation industry has continued to develop with several projects under development or at pilot demonstration scale. Through addressing the economic, technical, and system challenges currently facing the uptake of carbon utilisation, Australia could activate the potential for a $13 billion market for carbon-derived products in 2050.
Carbon dioxide (CO2) utilisation technologies convert CO2 captured from industrial emissions and the atmosphere into useful products – like fuels, chemicals and materials. This report found that manufacturing and using CO2-derived and bio-products including methanal, aviation fuel, urea, mineral aggregates, and supplementary cementitious materials could mitigate over 31 Mt per annum of emissions in 2050.
Australia has the potential to lead in CO2 utilisation due to its abundant renewable resources and industrial emissions. However, achieving commercial-scale deployment requires overcoming cost, technical and policy barriers.
Developed with government and industry, along with project partners CO2 Value Australia, CSR, MCi Carbon, Orica, the RECARB Hub and the Western Australia Department of Energy and Economic Diversification, the report provides market insights for decision-makers to support the development of CO2 utilisation technologies and products, contributing to Australia's decarbonisation goals.
Download the report
- CO2Utilisation in Australia: State of Play (full report)
- CO2 Utilisation in Australia: State of Play (accessible version)
Download the report
Unlocking value from captured carbon
The CO2 Utilisation in Australia: State of Play report provides an update of industry and policy activity since the release of CSIRO’s 2021 CO2 Utilisation Roadmap, and analyses the domestic economic and abatement opportunity in 2050 for utilising CO2 to produce several carbon-derived products.
Since 2021, Australia's CO2 utilisation industry has continued to develop with several projects under development or at pilot demonstration scale. Through addressing the economic, technical, and system challenges currently facing the uptake of carbon utilisation, Australia could activate the potential for a $13 billion market for carbon-derived products in 2050.
Carbon dioxide (CO2) utilisation technologies convert CO2 captured from industrial emissions and the atmosphere into useful products – like fuels, chemicals and materials. This report found that manufacturing and using CO2-derived and bio-products including methanal, aviation fuel, urea, mineral aggregates, and supplementary cementitious materials could mitigate over 31 Mt per annum of emissions in 2050.
Australia has the potential to lead in CO2 utilisation due to its abundant renewable resources and industrial emissions. However, achieving commercial-scale deployment requires overcoming cost, technical and policy barriers.
Developed with government and industry, along with project partners CO2 Value Australia, CSR, MCi Carbon, Orica, the RECARB Hub and the Western Australia Department of Energy and Economic Diversification, the report provides market insights for decision-makers to support the development of CO2 utilisation technologies and products, contributing to Australia's decarbonisation goals.