UK Government Funds Carbon Capture and Storage Projects in Hynet and East Coast Clusters
Key Ideas
- The UK government funded three out of eight Track 1 carbon capture, use, and storage projects under its industrial decarbonization program, with a focus on Hynet and East Coast clusters.
- The funded projects include initiatives like Eni's CO2 transport and storage system, EET Hydrogen's hydrogen plant, and Protos' energy from waste facility in the HyNet cluster.
- The government plans to allocate more funds for carbon capture projects in regions like Humberside, Scotland, and elsewhere in the country, aiming to capture and store significant amounts of CO2 by 2030 and beyond.
- The UK also granted cluster status to the Acorn project in Scotland and the Viking project on the east coast, with future plans to open up the HyNet CCS cluster to more companies by 2030.
The UK government has provided funding for three out of eight Track 1 carbon capture, use, and storage (CCUS) projects under its industrial decarbonization program. The funding, amounting to nearly GBP22 billion, is directed towards the Hynet and East Coast clusters. Specifically, the funding supports projects in the HyNet cluster in northwest England and the East Coast Cluster around Teesside, along with the associated CO2 transport and storage infrastructure in each cluster.
The supported projects in the HyNet cluster include Eni's CO2 transport and storage system, EET Hydrogen's hydrogen plant, and Protos' energy from waste facility. On the other hand, the East Coast Cluster projects include The Northern Endurance Partnership CO2 transport and storage system and The Net Zero Teesside Power CCS plant developed by BP and Equinor.
The government plans to continue supporting carbon capture initiatives by inviting funding negotiations for additional projects in various regions. Plans include allocating more funds for carbon capture projects in Humberside, Scotland, and other parts of the UK. The goal is to capture and store 20-30 MMt/y CO2 by 2030, with funding projected to rise to over 50 MMt/y by 2035.
Furthermore, the UK government has granted cluster status to the Acorn project in Scotland and the Viking project on the east coast. Future intentions involve transitioning to a competitive allocation process for CCS projects by 2027, with plans to open up the HyNet CCS cluster to more companies from 2030 onwards. This signifies a positive step towards achieving carbon reduction goals and promoting sustainable energy practices.