UK National Wealth Fund invests in cement and CCS project

  • Gas
  • July 7, 2025

UK government investment vehicle The National Wealth Fund has made a £28.6m equity investment in a cement decarbonisation project in the north of England, Peak Cluster, to support the development of a carbon dioxide transport pipeline.

The investment is part of a larger £59.6m equity raise, which also includes investment through a joint venture vehicle between Summit Energy Evolution (part of Sumitomo Corporation) and Progressive Energy Peak, as well the Peak Cluster cement and lime producers Tarmac, Breedon, Holcim and SigmaRoc.

Once constructed, the Peak Cluster project and pipeline aims to be at the heart of a full value chain carbon capture and storage (CCS) network. The pipeline will transport CO2 emissions captured on its industrial plants across Derbyshire and Staffordshire to be stored by Morecambe Net Zero (MNZ).

UK–Dutch company Spirit Energy is currently converting its Morecambe gas fields in the East Irish Sea to create the UK’s biggest carbon dioxide store.

… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld

You’ve reached your weekly limit to access free articles!

Want to keep reading?

Please register for free and create a profile to gain access to this full article and gasworld’s daily news.

For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other gasworld archives, please consider subscribing.

Alternatively, you can continue reading more articles as a guest on Tuesday, 8th July at 10:28AM

   

  • Related Posts

    • Gas
    • August 13, 2026
    New opportunities for CO2 in food and beverage decarbonisation

    By 31 min ago 3 min read The food and beverage industry is finding new ways to decarbonise, from lower-carbon refrigeration to carbon dioxide (CO2) recovery. But could more efficient…

    • Gas
    • August 13, 2026
    How CO2 could help reduce water use in data centres

    The rapid expansion of AI is creating a growing challenge for data centre operators. Training and running large AI models forces computer chips to work at maximum capacity continuously, generating…

    Have You Seen?

    New opportunities for CO2 in food and beverage decarbonisation

    • August 13, 2026
    New opportunities for CO2 in food and beverage decarbonisation

    How CO2 could help reduce water use in data centres

    • August 13, 2026
    How CO2 could help reduce water use in data centres

    Black Moon Energy and TAE explore helium-3 fuel in nuclear power

    • August 13, 2026
    Black Moon Energy and TAE explore helium-3 fuel in nuclear power

    Analysis: Should industrial gas adopt auto-style supply chain safety nets?

    • August 13, 2026
    Analysis: Should industrial gas adopt auto-style supply chain safety nets?

    Green Energy Stocks Trade Mixed As Market Volatility Weighs On Renewable Sector (13 August 2026)

    • August 13, 2026
    Green Energy Stocks Trade Mixed As Market Volatility Weighs On Renewable Sector (13 August 2026)

    United Solar Welcomes U.S. Section 232 Measures on Polysilicon

    • August 13, 2026
    United Solar Welcomes U.S. Section 232 Measures on Polysilicon

    Saudi Arabia Completes $8.5 Billion Green Hydrogen Plant In NEOM

    • August 13, 2026
    Saudi Arabia Completes $8.5 Billion Green Hydrogen Plant In NEOM

    Sungrow Ranked No. 1 in Global BESS Integrator and Solar Inverter Rankings by Wood Mackenzie

    • August 13, 2026
    Sungrow Ranked No. 1 in Global BESS Integrator and Solar Inverter Rankings by Wood Mackenzie

    Solar & Storage Expo Chhattisgarh 2026 Concludes on a High Note in Raipur, Bringing Together 3,500+ Industry Professionals

    • August 13, 2026
    Solar & Storage Expo Chhattisgarh 2026 Concludes on a High Note in Raipur, Bringing Together 3,500+ Industry Professionals

    Ucaneo CEO outlines next steps after opening Germany’s largest DAC facility

    • August 13, 2026
    Ucaneo CEO outlines next steps after opening Germany’s largest DAC facility