Join our daily newsletter At The Bell to receive exclusive market insights
- Calix (CXL) has been awarded an $11 million grant and a $5.19 million R&D tax incentive from the Australian Government
- The funds come on the back of the company’s carbon capture technology, which is aimed to be used in emissions intensive industries such as cement and lime
- The $11 million grant will assist the company and its project partner Adbri (ABC) to develop the world’s first commercial-scale process for the manufacture of low emissions lime
- The proposed plant is expected to be based in Kwinana, Western Australia and aims to service the alumina, gold and other industries in the state
- Shares in Calix were up 6.12 per cent to $7.46 while Adbri had fallen 3.08 per cent to $2.83 per share as of 2:04 pm AEST
Calix (CXL) has been awarded an $11 million grant and a $5.19 million R&D tax incentive from the Australian Government.
The funds come on the back of the company’s carbon capture technology, which is aimed to be used in emissions intensive industries such as cement and lime.
The $11 million grant will assist the company and its project partner Adbri (ABC) to develop the world’s first commercial-scale process for the manufacture of low emissions lime.
The proposed plant is expected to be based in Kwinana, Western Australia and aims to service the alumina, gold and other industries in the state.
The goal of the plant is to demonstrate the use of renewable power and grid load balancing, assess alternative energy sources, and capture carbon dioxide process emissions.
It will utilise Calix’s Low Emission Intensity Lime and Cement (LEILAC) technology and will provide captured carbon dioxide to the proposed South West Hub Carbon Capture and Storage (CCS) project.
The companies are expected to undertake a feasibility study as well as a front-end engineering and design phase for the project.
True zero emissions lime will be created once the CCS project is operational, as carbon dioxide can be fed into system for permanent storage.
Calix Managing Director and CEO Phil Hodgson said the Government support has allowed the company to apply its technology in Australia.
“I am proud our first commercial scale lime kiln is being developed here in Australia, creating local jobs, utilising and developing local talent, and helping to future-proof
our vital local manufacturing sector,” Mr Hodgson said.
Shares in Calix were up 6.12 per cent to $7.46 while Adbri had fallen 3.08 per cent to $2.83 per share as of 2:04 pm AEST.
