The Bloodwood Creek site in southeast Queensland was host to Carbon’s testing of its Keyseam UCG technology which it seeks to commercialise.

The agreement covers the company’s process and timetable for presenting its decommissioning report and rehabilitation plan for the site, which Carbon has proposed to have finished by the end of September this year.

The tight time frame for producing the documentation should enable the company to make a decision on the commercial future of its Keyseam technology by the end of year.

In parallel to this, Carbon is working to establish partnerships and secure long term off-take arrangements for a commercial-scale gas project in the Surat Basin and has begun the pre-feasibility study for the project.

“We have been working very closely with Government to progress a decision on the future of UCG and have reached in-principle agreement with Government on the process and timetable,” Carbon CEO Morne Engelbrecht said.

“At the same time, we are preparing for the rapid commercialisation of the Surat Basin gas project to become a major gas producer for Queensland.”