Harnessing potential of biological CO2 capture for Circular Economy
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United Kingdom
Current government strategy for CCUS
- The UK is committed to progressing CCUS as part of our 2050 Net Zero Strategy, using industrial “clusters” to capture and store 20-30 MtCO2 per year by 2030 to help us meet our legally binding target of 78% emissions reductions by 2035.
- Commitment to deploy two CCUS clusters by the mid-2020s and a further two by 2030.
- The UK has the potential to store more than 78 billion tonnes of carbon dioxide in its continental shelf, one of the most considerable storage potentials in Europe.
Deployment and programmes
- First Track-1 clusters announced as HyNet and East Coast Cluster (Oct ‘21) and Track-1 project negotiation list confirmed 8 projects which we have selected through the Cluster Sequencing Process to progress to negotiations to form the first two CCUS clusters (Mar ‘23 – see map).
- Published an update to the UK CCUS Investment Roadmap (Apr ’23) outlining the investment landscape for UK CCUS.
- Designed the CCUS (Industrial Carbon Capture [ICC], Waste ICC, Power, Transport and Storage [T&S]) business models to provide clear, long-term sight of revenue models and a stable investment environment.
Funding
- £20 billion investment in the early deployment of CCUS, including the £1 billion CCUS Infrastructure Fund to support the capital costs of strategic CCUS infrastructure, T&S networks, and ICC projects.
- Industrial Decarbonisation and Hydrogen Revenue Support scheme to fund business models for low carbon hydrogen production and industrial carbon capture that give investors long-term revenue certainty.
Priorities going forward
Track-2 of the CCUS Cluster Sequencing Process and will be launched and announce next steps for this in the summer.
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