Carbon capture, utilisation and storage is advancing in funding and deployment across the UK and Europe, but barriers to scale remain, according to Carbon Capture and Storage Association (CCSA) CEO Olivia Powis.
In the UK, five projects have now reached financial close, including the Net Zero Teesside Power and the Northern Endurance Partnership, alongside HyNet’s Liverpool Bay, the Padeswood Cement Plant and Encyclis’ Protos Energy-from-Waste plant.
The projects build on the £21.7bn support package announced in 2024 to support and the East Coast Cluster over 25 years.
A further £9.4bn was secured in the Spending Review for this Parliament to support ‘filling the stores’ at HyNet and the East Coast Cluster. This was in addition to development funding committed to Viking CCS and the Acorn Project.
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