Australia's Woodside, Orica tap startup partners on carbon capture

New decarbonization tech pursued as Canberra eyes greener future

20240501N MCi Carbon

MCi Carbon aims to complete its new carbon capture facility in Newcastle by the end of 2024, with plans to commercialize the technology as early as 2026. (Photo by Rurika Imahashi)

RURIKA IMAHASHI and SHIN WATANABE, Nikkei staff writers

SYDNEY/TOKYO -- Leading Australian chemical and energy companies are partnering with startups to advance decarbonization technologies, as the government tightens emissions restrictions in a push toward a greener economy.

On April 10, Australian startup MCi Carbon held a foundation ceremony for a new carbon capture plant in the city of Newcastle. MCi was founded in 2013 as a joint venture between chemical producer Orica and other partners.

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