The $25 million CEFC commitment will enable manufacturer Orica to upgrade processing plants used in the production of ammonium nitrate with technology designed to abate nitrous oxide emissions. Tertiary nitrous oxide abatement technology will be installed in three nitric acid plants at Orica’s Kooragang Island facility in New South Wales from 2022 – the first time the technology has been used in Australia. The technology is highlighted in the Australian Government Technology Investment Roadmap.
Working with a leading manufacturer such as Orica enables the CEFC to help spearhead emissions reduction measures across a sector that has proven difficult to abate. This investment will also provide valuable insights into how sustainability can complement profitability. The project is commercially underpinned by carbon credit contracts with the Australian Government, further catalyzing investment in sustainability outcomes.