The Department for Business, Energy and Industrial Strategy (BEIS) is looking to support the deployment of advanced carbon capture, usage and storage (CCUS) technologies within the UK, as announced in the Ten point plan for a green industrial revolution. How the competition will work. Up to £19.5 million grant funding will be available over 2 calls to: support innovation in novel CCUS technology increasing its technology and commercial readiness level (TRL & CRL); demonstrate and de-risk next generation CCUS technologies to allow it to deploy commercially from 2025; reduce the cost of deploying CCUS and create competitive pressure on current available technology.
BEIS 30th July 2021 read more »
Ninety miles from Middlesbrough, a mass of sandstone under the North Sea that was once drilled for oil in vain will become a critical weapon in Britain’s struggle to reduce carbon dioxide emissions. The 25km by 15km aquifer is at the heart of a £ 12bn project to create a giant carbon store that could inject 20 million tonnes of greenhouse gases a year by the end of the decade, shutting it off from the atmosphere . Major industrial companies and investors have stood to gain support for similar UK projects since Prime Minister Boris Johnson declared carbon capture, use and storage technology last year “Needed worldwide” to reduce emissions from some of the most difficult sectors to reduce carbon. Johnson’s support follows previous broken-down efforts to get the technology off the ground in Britain. Businesses have been researching carbon capture ever since mid 2000s but the government has withdrawn funding amid cost concerns, most recently in 2015. Bystanders say CCUS is an expensive diversion that supports the continued use of fossil fuels and still results in harmful emissions. Projects elsewhere came to a standstill technology and financing problems as the cost of renewable energy continues to decline.
FT 31st July 2021 read more »