Mayor Houchen with Pratima Rangarajan, OGCI and Andy Lane, Net Zero Teesside THE Net Zero Teesside carbon capture, utilisation and storage project has been awarded more than £52million in funding to accelerate the development of onshore and offshore low-carbon and hydrogen infrastructure. The fund will be used to deliver the next stage in planning of a flexible gas-fired power station with carbon capture, utilisation and storage capabilities on the Teesworks site. Net Zero Teesside, a consortium of the world’s largest oil companies led by BP, has partnered with Zero Carbon Humber, a similar project, to form the Northern Endurance Partnership. This is a development of an offshore pipeline network which will see captured carbon dioxide emissions from both Net Zero Teesside and Zero Carbon Humber transported and permanently stored deep underground.
The UK government has handed out £171 million ($237 million) to kick-start a series of projects that aim to decarbonise large swathes of industry using technologies to produce clean-burning hydrogen and to capture carbon dioxide as part of a new “green revolution”.
The funding is part of wider government plans announced on Wednesday to invest nearly £1 billion to cut emissions from industry, schools and hospitals, create thousands of jobs and meet climate targets.
The government said in a statement it hopes the funding will create and support up to 80,000 jobs over the next 30 years and help the country cut emissions from industry by two-thirds in 15 years.
Carbon capture, usage and storge (CCUS) and hydrogen projects are among key initiatives to gain investment as part of the government’s new Industrial Decarbonisation Strategy, announced today.
The strategy is “an ambitious blueprint” to deliver the world’s first low-carbon industrial sector and includes over £1bn of funding to cut emissions from industry, schools and hospitals.
To kick start the process, £171M from the Industrial Decarbonisation Challenge has been allocated to nine green tech projects in Scotland, South Wales and the North West, Humber and Teesside in England, to undertake engineering and design studies for the rollout of decarbonisation infrastructure, such as CCUS and hydrogen.
Deputy Editor, Current±
The government has set out a blueprint to switch 20TWh of the UK industry’s energy supply from fossil fuel sources to low carbon alternatives, as part of its £1 billion Industrial Decarbonisation Strategy.
To kick start this transition, the energy secretary today announced that £171 million from the Industrial Decarbonisation Challenge has been allocated to nine green tech projects around Britain.
Additionally, £932 million has been directed to 429 projects across England as part of the Public Sector Decarbonisation Scheme, which will fund low carbon heating systems such as heat pumps as well as technologies such as rooftop solar.
The final key part of the government’s strategy revolves around new measuring rules for energy and carbon performance for commercial and industrial buildings in England and Wales. These could save businesses around £2 billion annually on energy costs by 2030, as well as reducing carbon emissions by 10%, or 2 million
Teesside s world-leading clean energy scheme moves step closer with £52m investment
Net Zero Teesside, the world s first carbon capture and storage project of its kind, will support nearly 6,000 jobs
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