enfinium proposal to decarbonise largest energy from waste site in UK designated as ‘Nationally Significant’ by UK Government

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Archive for February, 2024

enfinium proposal to decarbonise largest energy from waste site in UK designated as ‘Nationally Significant’ by UK Government

Posted on: February 29th, 2024 by ccsaEditor

Liquid Wind and partners Alfa Laval, Carbon Clean, Siemens Energy and Topsoe unveil eFuel Design & Performance Centre

Posted on: February 22nd, 2024 by ccsaEditor

Uniper awards design study contracts for Grain Carbon Capture project

Posted on: February 16th, 2024 by ccsaEditor

The Carbon Capture and Storage Association Spring Budget Submission for Paving the Way to a Sustainable Future 

Posted on: February 14th, 2024 by ccsaEditor

[London, 14 February 2024] – The critical steps the UK Government needs to take to secure a thriving carbon capture industry and thousands of high skilled jobs have been set out today by the Carbon Capture & Storage Association (CCSA) as it published its 2024 Spring Budget submission.  

The submission sets out proposals and recommendations for how Carbon Capture, Utilisation, and Storage (CCUS) can be harnessed to decarbonise key UK industries, protecting existing jobs in industrial regions and creating new ones. 

Projections suggest that UK CCUS has the opportunity to attract private sector investment of up to £30 billion by 2030, as a result of its healthy development pipeline and mature legislative framework. This aligns with government targets of capturing 20-30 million tonnes of CO2 by 2030, doubling to 50 million tonnes by 2035. 

Investment in CCUS is expected to generate 70,000 new skilled jobs and protect 77,000 existing jobs, particularly in industries like cement and chemicals where carbon dioxide is released during production processes, regardless of the heat source used. Furthermore, CCUS deployment will position the UK to attract significant private investment, drive job creation, and ensure supply chain and energy security.  

But the submission warns timely delivery of government commitments and clarity on future funding are essential to build investor confidence, unlock this level of investment and secure the full supply chain benefits of UK CCUS.   It asks the Chancellor to establish annual revenue support matched to government targets, estimated at £2-3 billion annually from 2028 onwards (including the £1 billion a year already committed in Spring Budget 2022), to underwrite deployment levels until CCUS becomes self-sufficient in the 2030s.   

CCSA analysis suggests government support will fall away sharply by the mid-2030s as volumes of carbon captured surge towards 50-60 million tonnes a year. The level of the proposed revenue support is significantly less than that provided to cultivate a wind industry in the 2011 Levy Control Framework.  Failure to act swiftly risks hindering industry growth and additional costs for achieving the UK’s targets. 

The CCSA urges the government to allocate swiftly the current £1bn a year already assigned to its CCUS Programme – funds that were announced almost a year ago but where Final Investment Decisions have still not yet been taken.  These pending decisions on eight projects represent around one third of the UK’s 2030 target for CO2 storage.  With lead-in times of 6-7 years for CO2 storage sites and 3-4 years for capture projects, time is running out to meet 2030 targets and therefore it is important that the Chancellor takes this opportunity to provide confidence to project developers to continue with their UK projects in a rapidly accelerating global market competing for private capital. 

Ruth Herbert, Chief Executive said: 

“The proposals and recommendations set out in the CCSA’s Spring Budget Submission reflect a significant opportunity for the UK, not only to meet decarbonisation targets but to retain our supply chain industries and attract new businesses to the UK to take advantage of this infrastructure. As deployment begins to ramp up around the world, UK can play a leading role in the rapidly growing global CCUS market. Significant progress has been made by the government in 2023, however increased pace and forward visibility are paramount for investor and supply chain confidence. We look forward to continued collaboration as we stand on the cusp of developing a thriving and resilient CCUS sector here in the UK.” 

Read the CCSA Spring Budget Submission 2024 here.

Notes to Editors  

CCUS, or Carbon Capture, Utilisation and Storage, is a key low carbon solution – vital to meeting the UK’s statutory Net Zero target at least cost. CCUS enables the production of clean power, clean products (such as steel and cement) and clean hydrogen – which can then be used to decarbonise heating and transport. In addition, CCUS also enables greenhouse gas removal from the atmosphere through Direct Air Capture with Storage (DACS) or Bioenergy with CCS (BECCS).  

The CCSA is the trade association accelerating the commercial deployment of CCUS, with offices in the UK and Belgium. We work with members, governments and other organisations to ensure CCUS is developed and deployed at the pace and scale necessary to meet net zero goals and deliver sustainable growth across regions and nations.  

The CCSA currently has over 100 member companies who are active in exploring and developing different applications of carbon capture and removals, CO2 transportation by pipeline and ship, utilisation, geological storage, and other permanent storage solutions, end-users such as power, industry, waste, fuels, and hydrogen production sectors, plus supply chain, engineering, construction and management, legal and financial consulting sectors.  

Further background and guidance on the UK Government’s Cluster Sequencing Programme can be found here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1043088/ccus-cluster-sequencing-phase-2-guidance.pdf   

For media enquiries please contact Joe Butler-Trewin on 07908 141 067/ joe.butler-trewin@ccsassocaition.org.   

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CCSA welcomes the publication of the EU Industrial Carbon Management Strategy

Posted on: February 6th, 2024 by ccsaEditor

Today, the European Commission published its ground-breaking Industrial Carbon Management Strategy, marking a pivotal moment in the EU’s plans to fight climate change.

The Industrial Carbon Management (ICM) Strategy, unveiled by the European Commission, positions Carbon Capture, Utilization, and Storage (CCUS) technologies as central to the European Union’s climate policy.

This strategic move underscores the critical role of CCUS in achieving the ambitious goal of Net-Zero emissions by 2050.

Speaking on the significance of the ICM Strategy, Joop Hazenberg, EU Director of the CCSA, expressed, “The Industrial Carbon Management Strategy is an important leap forward towards establishing CCUS in Europe. We applaud the European Commission for championing CCUS and fostering an environment conducive to increased investments in European projects, which the strategy acknowledges are critical to achieving EU CO2 reduction targets and securing the future of European industries.”

Key Highlights:

This strategic framework sets a clear path for the deployment and scaling of CCUS technologies, ensuring Europe’s transition to a sustainable and Net-Zero future.

 

For media enquiries, please contact:

Stefano Miriello  – stefano.miriello@ccsassociation.org

Andres Vilan  –  andres.vilan@ccsassociation.org

CCSA Blog: What can the UK Carbon Capture, Utilisation and Storage (CCUS) industry learn from the US Inflation Reduction Act (IRA)? By John Catillaz, Decarbonisation Marketing Director, GE Vernova

Posted on: February 6th, 2024 by ccsaEditor

GE Vernova was proud to host the Carbon Capture and Storage Association’s (CCSA) third Member’s Discussion Forum at the Library of the Institution of Mechanical Engineers in London on 28 September, bringing together industry representatives to discuss the US InflationReductionAct (IRA) and what it means for the UK’s CCUS industry.

The panel, chaired by Ruth Herbert , Chief Executive at Carbon Capture and Storage Association , examined how tax incentives have mobilised carbon capture projects in the US, and the response from the EU and the UK. I was joined on the panel by Heather Bell, Director of the U.S. Department of Energy (DOE) office at the U.S. Embassy in London and James Hughes, Commercial Director at Technip Energies .

The US IRA, signed into law in August 2022, marks the most significant action taken by the US Government on clean energy in the nation’s history, dedicating USD ~370 billion to US decarbonization efforts. It encourages action on climate change and energy security through a combination of grants, incentives and other investments. With the UK’s ambitious plans to capture and store 20-30 megatonnes of CO2 annually by 2030, there are three key areas that are worth considering.

The first point is the US IRA has provided confidence. Early adopters need government support to de-risk CCUS projects. The supply chain needs visibility on future volumes, not only for improved planning to ensure in-time execution but also to drive cost down.  Furthermore, the UK has over 70 billion tonnes of CO2 storage capacity but does not have the infrastructure required to transport CO2 in a profitable way. Incentives similar to the IRA could be used to attract the investment needed and accelerate the permitting required to build CO2 pipelines. The industry needs unwavering support, well-funded investment channels, and expedited decision-making.

Secondly, it is interesting to observe how the US IRA also looks at Direct Air Capture (DAC), a technology that will become more and more important, in particular for hard-to-abate sectors. DAC allows us to “unwind the clock” CO2 emitted since the industrial revolution by removing CO2 from the atmosphere.

The third point is to recognize that incentives alone won’t ensure the UK reaches its CCUS target. Although the US IRA is likely to drive increased volumes of projects in a short space of time, public acceptance of CCUS is vital. The UK needs to engage the public and increase education around the topic of CCUS, which in turn will help with permits to build the infrastructure required.

While there are many elements of the IRA that are interesting to consider for other countries, like the UK, it is important to note that there are different ways to accelerate the deployment of CCUS. GE Vernova welcomes the significant progress the UK Government has made over the last months and years. The development of the different business models provides a solid basis for the negotiation of the projects that have been selected as part of Track-1, and the commitment for GBP 20 billion for the CCUS industry is a first step to inspire the confidence the industry needs to kick-start. A roadmap with clear timescales and CO2 volumes will help reduce risk, attract investment and establish the supply chain, infrastructure and talent needed.

GE Vernova’s recent white paper on reaching net zero carbon in Great Britain provides a deeper analysis on the need for accelerated investments, market reforms and energy policy to deploy low carbon technologies, including CCUS.

 

Fifth feature for Carbon Clean in the Global Cleantech 100

Posted on: February 5th, 2024 by ccsaEditor

EFI Report Identifies Four Key US Industrial Carbon Capture Clusters

Posted on: February 5th, 2024 by ccsaEditor