22 September 2022, London
Today, the North Sea Transition Authority published data on the UK’s first-ever carbon storage licensing round. This was launched in June and attracted 26 bids.
The announcement can be found here.
Ruth Herbert, Chief Executive at the CCSA, said:
“The high number of bids for the UK’s first-ever carbon storage licensing round, announced by the NSTA, is a clear indication of the level of interest in the UK’s storage potential. It also reinforces our message that the CCUS industry stands ready to invest in developing the UK’s carbon dioxide storage assets, based on the policy framework the government set out in the Energy Bill.
Opening up CO2 storage in the UK offshore space – both North Sea and East Irish Sea – is a vital step towards deploying CCUS clusters across the country and positioning the UK as the go-to place for clean inward investment, delivering new green jobs and significant economic benefits for our industrial heartlands.”