Building more power carbon capture and storage plants (Power CCS) could significantly accelerate the UK’s plans to decarbonise the GB electricity system on route to net zero, according to new analysis commissioned by SSE.
The UK Government’s proposed emissions reductions from electricity for 2035 could be accelerated to 2030 by combining its 50GW offshore wind ambition with a significant step up in deployment of Power CCS. This would require 7-9GW (equivalent to 10-12 plants) of Power CCS compared to the current commitment of at least one Power CCS plant mid-decade, according to experts at LCP Delta.
5 December 2022, London
The CCSA is delighted to announce its membership has reached 100 companies, as Subsea7 and GaffneyCline become the latest companies to join.
Other companies that have joined the CCSA in the last three months include MVV UK, Ingersoll Rand, MOL Group, SGN, Sumitomo and Petrostrat.
As the leading trade association working to accelerate the commercial deployment of Carbon Capture, Utilisation and Storage (CCUS) to achieve Net Zero emissions by 2050, the CCSA has seen rapid growth in membership in the last few years as CCUS has become increasingly prominent as a vital tool in reducing emissions across economies. The Association’s membership has more than doubled in the past two years and new members span a wide variety of sectors and applications including;
Ruth Herbert, Chief Executive of the CCSA said:
“I am thrilled that the CCSA now has over 100 members – the highest we have ever reached since the association was established in 2005. The rapid growth in membership demonstrates how far CCUS has come in the past few years – now widely recognised as an essential component of many national decarbonisation strategies.
The CCSA is the go-to organisation for CCUS and as our membership continues to expand, so does the scale, output and ambition of our London and Brussels teams, who are working harder than ever with our members to deliver the first wave of projects this decade and facilitate the long-term roll-out of CCUS in line with net zero. We look forward to welcoming more members and seeing continued growth of the CCSA over the coming months and years.”
John Evans, CEO of Subsea7 said:
“Subsea7 is pleased to join the CCSA and contribute to the developing global carbon capture and storage business, which aligns with our vision to deliver the offshore energy transition solutions the world needs. Subsea7 brings significant capability and experience in carbon capture project development and execution, including the pipeline engineering, fabrication and installation for the world’s first open-source CO2 transport and storage infrastructure, the Northern Lights Project, offshore Norway. As a global leader, we recognise the importance of industry collaboration in making the continuous evolution of lower-carbon oil and gas projects possible and creating sustainable value by enabling the growth of renewables and emerging energies.”
Florent Rousset, Managing Director of GaffneyCline said:
“GaffneyCline has been increasingly engaged in assessing a wide array of CCUS investment opportunities globally and we are excited about joining the CCSA network. We believe the successful deployment of CCUS at scale is essential to meet the World’s net zero targets and the CCSA membership from across the CO2 value chain has a crucial role to play. We look forward to engaging further with E&P operators, industrial emitters, governments, project developers, the financing communities to deliver technically sound and commercially attractive CCUS projects.”