In April 2008 the Cooperative Research Centre for Greenhouse Gas
Technologies (CO2CRC) launched the first geosequestration demonstration
project in the southern hemisphere, at Nirranda in the Otway Basin geological
formation.

In the CO2CRC Otway Project 100,000 tonnes of CO2 will be compressed and
transported for injection into a depleted natural gas reservoir two kilometres
underground.

The project will provide technical information on geosequestration processes,
technologies and monitoring and verification regimes that will help inform
public policy and industry decision-makers while also providing assurance to the
community.

The CO2 will be monitored underground to verify its behaviour beneath the
surface, as well as near and at the surface to judge any effects on groundwater,
flora and fauna and in the air to detect any emissions to atmosphere.

The results of this demonstration project will significantly advance the
knowledge of governments and industry and will represent a major advance in
the commercial adoption of CCS technologies in Australia and around the world.

The owners of Anglo American and Shell, are industry participants in the
CO2CRC, and Monash Energy is directly involved in the consortium overseeing
the Otway Project, contributing both funds and expertise.