Briefs And Advice Regarding The Browse Carbon Capture And Storage (ccs) Project.

Written by Claude Haiku 4.5 from the extracted text on 28 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

This brief to Treasury provides modelling assumptions for the Browse CCS project, detailing Australia's carbon capture, utilization, and storage (CCUS) development pipeline. The document projects sequestration capacity of 6.5 megatonnes per year by 2030, increasing to 17.5–24 Mt/yr by 2035 and 30–50 Mt/yr by 2050, assuming successful deployment of approximately 20 projects at various development stages. Key assumptions include storage basin readiness from 2030 onwards following 6–8 year development cycles including regulatory approvals, feasible costs of $10–$80 per tonne CO2, and practical Australian storage capacity capped at 20 billion tonnes despite theoretical capacity of 227 billion tonnes. The advice notes CCUS is essential for net-zero pathways in hard-to-abate sectors (cement, chemicals, synthetic fuels