Trade body CCSA urges sector to seize opportunity to build up domestic supply chain in support of growing CCUS pipeline. Capital investment in carbon capture utilisation and storage (CCUS) projects in the UK could reach £41bn by the end of the decade, opening up a huge opportunity to rapidly develop a strong domestic supply chain that can support UK jobs and economic growth, a new industry report today argues. The Carbon Capture and Storage Association (CCSA) said expenditure on CCUS infrastructure, including hydrogen production and greenhouse gas removal projects, was set to surge over the coming decade in response to UK climate targets, including the recently adopted goal to slash emissions 78 per cent against 1990 levels by 2035. In a report published today, the trade body estimated CCUS investment in the UK could reach £41bn by 2030, but that with strategies to support domestic companies, the UK could also develop a supply chain that supports domestic jobs and local manufacturing of related products and goods.
Business Green 22nd July 2021 read more »