UK shortlists 20 carbon capture projects for funding round
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The government has announced that 20 carbon capture initiatives have been shortlisted to receive funding designed to kickstart the industry in the UK.
As part of the carbon capture, usage and storage (CCUS) cluster process, the projects represent a range of technologies that will capture carbon emissions, preventing them being released into the atmosphere.
The Department for Business, Energy & Industrial Strategy said that carbon capture technologies offer “enormous economic potential” due to their ability to attract new private investment which could create 50,000 skilled jobs in the UK by 2030.
The UK has one of the largest potential carbon dioxide storage capacities in Europe, making it one of the more attractive business environments for the technology. This is because the North Sea could be used to store captured carbon under the seabed.
Boris Johnson’s Ten Point Plan to decarbonise the UK includes plans to deploy CCUS in two industrial clusters by the mid-2020s, and a further two clusters by 2030.
The 20 projects announced today represent a range of CCUS technologies that will capture carbon emissions, preventing them being released into the atmosphere.
It includes HyNet’s Hydrogen Production Project, which will produce hydrogen for use as a fuel while capturing carbon dioxide from its production. By 2030, HyNet plans to reduce carbon dioxide emissions by 10 million tonnes every year – the equivalent of taking 4 million cars off the road.
Other projects include those trying to reduce carbon emissions in the power sector such as Net Zero Teesside Power and Whitetail Clean Energy, as well as industrial carbon-capture projects designed to reduce emissions from fertiliser production and oil refining.
Yesterday, it emerged that the carbon capture plans for Drax power station could see its total energy output drop by a third, potentially risking blackouts in North Yorkshire.
The findings call into question the viability of installing major carbon capture facilities in fossil fuel-powered energy facilities.
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