The plan involves capturing and liquefying CO2 from the Millmerran coal-fired power station and then trucking it north to a storage well near the farming town of Moonie, about 400 kilometres west of Brisbane.
Glencore subsidiary Carbon Transport and Storage Corporation (CTSCo) is aiming to inject up to 110,000 tonnes of CO2 per year into the Precipice Sandstone, a groundwater formation in the basin, which is about 2,300 metres underground.
The Great Artesian Basin (GAB) spans more than a fifth of the continent, is worth about $13 billion to the national economy and is a vital resource for communities and businesses.
Commentaires