The Cooperative Research Centre for Greenhouse Gas Technologies (CO2CRC) is a joint venture between industry, university and government partners. The legal operating entity is CO2CRC Limited, a ‘not for profit’ public company limited by guarantee, of which all core participants are members.
CO2CRC is governed by an elected (by the members) Board of Directors with four sub committees, the Program Advisory Committee, the Finance & Risk Audit Committee, the Appointments & Remuneration Committee and the Operations Committee. The Board, chaired by independent chairman David Borthwick sets overall policy and determines the strategic direction for the Centre.
A CO2CRC objective is to ensure that our research and development efforts are utilised and implemented by industry. CO2CRC Technologies Pty Ltd (CO2TECH) is CO2CRC’s commercial entity and has exclusive rights to commercialise all intellectual property developed by the Centre.
The sub-committees provide advice to the Board:
Program Advisory Committee reviews the research activities of the Centre and future Program priorities to ensure that the research, development and other activities are relevant to the needs of End-users.
Finance & Risk Audit Committee assists the Board in carrying out its responsibilities in relation to accounting and reporting practices and to strengthen the systems of internal controls, risk management and compliance.
Appointments and Remuneration Committee provides an efficient mechanism for examination of the Centre’s selection and appointment practices and the remuneration policies of the company.
Operations Committee assists the Board in fulfilling its responsibilities to ensure that adequate Governance structures and processes are in place for the Operations activities undertaken by the CRC. Currently, those Operations relate to the Otway Project and the pilot plant activities around capture technologies.
The Cooperative Research Centres Program
The Cooperative Research Centres (CRC) program was established by the Australian Government to bring together researchers and research users.
The program emphasises the importance of collaborative arrangements to maximise the benefits of research through an enhanced process of utilisation, commercialisation and technology transfer. It also has a strong education component with a focus on producing graduates with skills relevant to industry needs.
The program was established in 1990 to improve the effectiveness of Australias research and development effort. It links researchers with industry to focus R&D efforts on progress towards utilisation and commercialisation. The close interaction between researchers and the users of research is a key feature of the program. Another feature is industry contribution to CRC education programs to produce industry-ready graduates.
Find out more at www.crc.gov.au