In order to develop a stable supply of coal resources, JOGMEC hosts Coal Investment Promotion Seminars. It invites government officials from coal producing countries, executives of coal mining companies and coal industry specialists to provide information on coal mine development, supply and demand trends and opportunities to reduce the emissions associated with brown coal utilisation.
Victoria, in south-east Australia is home to the world’s second largest brown coal resource which has been traditionally used for power generation purposes. In addition to being home to such an abundant natural resource, it’s also home to world class carbon dioxide storage sites. This provides Victoria with a unique comparative advantage when it comes to the development of low emissions brown coal projects and JOGMEC was pleased to deliver this year’s seminar in partnership with the Victorian Government’s Department of Jobs, Precincts and Regions. Delivery of this year’s seminar formed a key part of the Memorandum of Understanding JOGMEC signed with the Victorian Government in October 2018.
Victoria’s Statement on Future Uses of Brown Coal outlines the State Government’s policy position on new brown coal projects. The State and Commonwealth Governments are also supporting the CarbonNet Project which seeks to establish a Carbon Capture and Storage (CCS) network in south-east Victoria. In addition, both the State and Commonwealth Governments have each committed $50 million to the Hydrogen Energy Supply Chain (HESC) Pilot Project. The Project is being led by a consortium of Japanese companies and seeks to demonstrate a supply chain for the production and transport of hydrogen from Victorian to Japan.
Attendees at this year’s seminar heard from a range of speakers, including Ms. Jane Burton, Acting Executive Director, Earth Resources Policy and Programs within the Department of Jobs, Precincts and Regions. Ms. Burton provided an overview of the State’s abundant coal resources and further information about the Victorian Government’s policy position on new brown coal projects.
Mr. Ian Filby, Project Director for the CarbonNet Project provided an update on CarbonNet , including how the Project will contribute to meeting climate change targets and reducing emissions. Attendees were particularly interested in Mr. Filby’s presentation and asked several questions of him during the Q&A session, particularly regarding the commercialisation of the Project and its plans for transitioning ownership and operation to the private sector in due course.
The Seminar was also attended by Mr. Roland Davies, Chair of the Gippsland Regional Partnership’s Energy and Resources References Group. Mr. Davies spoke on behalf of a number of project proponents currently pursuing projects using Victoria’s brown coal resources in a low emissions context.
Representatives from the Latrobe City Council were also in attendance including the Chief Executive Officer and Deputy Mayor. According to the Deputy Mayor, Cr. Darren Howe, Latrobe City is supportive of new low emissions coal projects that have the potential to create jobs and economic development opportunities for the region.
JOGMEC intends to continue to hold similar investment seminars to provide valuable information to secure a stable supply of coal resources.
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Please click the link below to access JOGMEC Coal Development Department website.
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