Taskforce urges action to deliver CCUS
(Posted on 02/08/18)
A new report to the UK Government says carbon capture utilisation and storage (CCUS) has a key role to play in decarbonising the country and unlocking major economic, social and environmental benefits.
The report, Delivering Clean Growth: CCUS Cost Challenge Taskforce Report, makes a series of recommendations towards lowering the cost of CCUS deployment from the mid-2020s onwards.
The report responds to the UK Government’s commitments put forward in the Clean Growth Strategy to reach emission reduction targets through deployment of CCUS technology.
UK Minister of State for Energy and Clean Growth, the Rt Hon Claire Perry, says in the Report: “There is a genuine opportunity for the UK to become a global technology leader for CCUS, working internationally with industry and governments to drive down the cost of deployment.”
The report, resulting from extensive consultation between leading industry and academic experts, finds that widespread CCUS deployment will help to decarbonise the electricity, gas and industrial sectors, in addition to enabling the creation of new economies like hydrogen.
It recognises that CCUS will allow UK industries to remain competitive, retaining and creating high-value jobs at the same time as unleashing new industries and low carbon products.
It also finds that creating strategic industrial “hubs and clusters” for the first wave of CCUS projects will help drive CCUS costs down.
The report echoes recommendations given by the UK Committee on Climate Change on the pressing need to deploy CCUS at scale to achieve the 2050 targets with at least two CCUS clusters operational from the mid-2020s. It also follows a report by University College London (UCL) commissioned by the Global CCS Institute which made the case for CCS as a key part of an overall decarbonisation strategy.
In its recommendations, the Taskforce emphasises the urgency of investing in CCUS immediately given deployment timescales. This investment will give the UK the opportunity to become a global leader in this field.
The world authority on CCS, the Global CCS Institute, says the Report recognises the importance of CCUS as a unique technology in decarbonising industry and creating new energy economies.
On the release of the company’s fourth quarter results, Rio Tinto chief executive J-S Jacques... Read more
According to provisional calculations by the German Coal Importer Association (VDKi), hard coal world... Read more
HeidelbergCement has made good progress with the acceleration of its portfolio optimisation during the... Read more
Over the last decade, China has become one of the champions for clean coal generation; transitioning... Read more
UC Rusal, one of the world’s largest aluminium producers, has announced the resignation of Matthias... Read more
Rio Tinto has completed the sale of its entire interest in the Grasberg mine in Indonesia for $3.5 billion... Read more
The USA’s National Grain and Feed Association (NGFA) has commended the U.S. Department Agriculture... Read more
Cargill has outlined its plan to eliminate deforestation from its cocoa supply chain. The Protect Our... Read more
The World Coal Association (WCA) has welcomed the publication of the Global Status of CCS: 2018 report... Read more
Rio Tinto has completed the sale of its aluminium smelter at Dunkirk, France, to Liberty House for $... Read more