The UK government has committed £22 billion to initiate the country's first carbon capture, transport, and storage (CCS) projects, providing critical support to de-risk these ventures and attract private investment. Two key clusters in Teesside and Merseyside aim to develop an offshore CO2 storage capacity of 8.5 million tonnes yearly, targeting emissions from sources like blue hydrogen production and power plants. Despite the ambitious goal to store 20–30 million tonnes of CO2 by 2030, none of the supported projects have received final investment approval, raising concerns about the future pipeline of initiatives. The allocated funding will be in the form of revenue support through 'contracts for difference,' with the government sharing some additional costs of utilizing CCS technology. The industry awaits a clear industrial strategy to prioritize decarbonization efforts and provide specific timelines. In the EU, challenges also persist in meeting the 2030 storage targets, with delays in projects like German pipelines to the Netherlands. Technical challenges include ensuring CO2 purity to prevent infrastructure corrosion, with projects like Northern Lights and Porthos addressing these issues. Concerns over the formation of corrosive acids like sulfuric and nitric acids pose risks to infrastructure integrity, necessitating stringent quality control measures. Steel industry representatives are exploring ways to reduce NOx emissions to meet project limits and optimize cleaning costs, highlighting the trade-offs between upfront investment and long-term operational savings.