9.22 PM Tuesday, 21 May 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:05 05:28 12:18 15:42 19:03 20:26
21 May 2024

Fund support scheme gets good response

Fund support scheme gets good response. (SUPPLIED)

By Staff Writer

The Global Carbon Capture and Storage (CCS) institute has received more than 50 applications for its Project Funding and Support Programme, which together represent Australian $500 million (Dh1.8 billion) in assistance sought from the institute, said its top official.

In an address to delegates at the World Future Energy Summit in Abu Dhabi, Nick Otter, CEO of CCS, said the strong response to its programme demonstrated support is needed for CCS projects around the world, and that it is needed now. "Today's CCS projects are tackling real barriers capable of preventing their commercial deployment."


Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.