[London, 11 June] The Carbon Capture and Storage Association (CCSA) welcomes the Government’s continued support for Carbon Capture, Utilisation and Storage (CCUS) in today’s Spending Review and is committed to working with the Government to ensure all CCUS projects are delivered.
Confirming funding for HyNet and the East Coast Cluster build-out, and development funding to progress Acorn and Viking Clusters to Final Investment Decision this Parliament, marks another significant moment for the UK’s journey to net zero, industrial decarbonisation and clean power.
To be able to decarbonise our foundation industries, create green jobs and economic growth, and deliver a thriving, low-carbon future, the roll out of CCUS is key. It enables the Government’s ambitions to create economic growth, become a clean energy superpower and build affordable housing.
The CCSA and our members are ready to deliver, and we look forward to continuing to work closely with Government to bring these projects from plan to reality, with a clear route to delivering Final Investment Decisions.
Olivia Powis, CCSA CEO, said:
“The CCSA welcomes this statement of support for CCUS in today’s Comprehensive Spending Review, with allocation of funding for the build out of HyNet and the East Coast Cluster and development funding to progress the Acorn Project and Viking CCS. The commitment to taking Final Investment Decision this Parliament, subject to readiness and affordability, for these clusters is welcomed by industry and helps towards giving the confidence it needs to move forward with major investments in low-carbon infrastructure.”
“This is a clear step forward to progressing the next clusters in Scotland and Humber. CCUS is critical to decarbonising our industrial heartlands, supporting clean power and enabling low-carbon hydrogen. It also plays a key role in protecting and creating thousands of high-quality jobs across the country in critical industries like cement, chemicals and refining, and the power system — all of which are essential for meeting the Government’s commitments on new infrastructure and housebuilding. Today’s announcement help position the UK as a world leader in carbon capture technologies.”