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Australian technology to ReDeFINE carbon capture for heavy industries

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17 Sep, 2024

This post was originally published on Sustainability Matters

Researchers at The University of Melbourne have partnered with carbon capture startup KC8 Capture Technologies to advance the latter’s carbon capture technology, with the aim of leading a step change in carbon capture for hard-to-abate industries in Australia and around the world.

The company has been awarded a $5.4 million grant from the Australian Government’s Carbon Capture Technologies Program to establish an $8.5 million Research and Demonstration Facility for Implementing Net-zero Emissions (ReDeFINE), with the additional funding provided by KC8 Capture Technologies and The University of Melbourne.

ReDeFINE will allow the collaborators to advance KC8’s ‘UNO MK3’ technology, which was developed with Faculty of Engineering and Information Technology researchers to capture carbon dioxide (CO2) emissions from higher-emitting industries.

The technology can capture up to 95% of CO2 emissions from industries like cement and steel, using what is claimed to be a safer and more environmentally friendly process. Instead of relying on harmful chemicals, UNO MK3 uses potassium carbonate — a harmless substance commonly found in soap and glass — to trap carbon dioxide before it reaches the atmosphere.

University project lead Professor Kathryn Mumford said the collaboration demonstrates what can be achieved when university experts and industry work together to solve challenging problems.

Image caption: 3D representation of the UNO MK3 technology, which is being implemented in two demonstration facilities. Image credit: KC8 Capture Technologies.

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Government consulting on sustainable investment labelling

Government consulting on sustainable investment labelling

The Australian Government is starting consultation on sustainable investment product labelling, which is designed to give investors more confidence to put more capital to work in sustainable products.

The federal government said the release of this paper is a key step in implementing its Sustainable Finance Roadmap — designed to help mobilise the capital required for Australia to become a renewable energy superpower, modernising the financial markets and maximising the economic opportunities from net zero.

This consultation paper seeks views from investors, companies and the broader community on a framework for sustainable investment product labels.

These labels are designed to help investors and consumers identify, compare and make informed decisions about sustainable investment products to understand what ‘sustainable’, ‘green’ or similar words mean when they’re applied to financial products.

The government said a more robust and clear product-labelling framework will help investors and consumers invest in sustainable products with confidence and help tackle greenwashing.

This phase of consultation will run from 18 July to 29 August and help the government refine its design principles for the framework.

The consultation paper is available on the Treasury consultation hub.

Image credit: iStock.com/wenich-mit

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