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.

Latest News

NGFA applauds reintroduction of HAULS Act

The National Grain and Feed Association (NGFA) has applauded Senator Deb. Fischer’s (R-Neb.) reintroduction... Read more

Anglo American and Teck receive approval for merger of equals

Anglo American plc and Teck Resources Limited have received regulatory approval from the Government... Read more

Rhodes Ridge $191m feasibility study on Pilbara iron ore mine

The Rhodes Ridge Joint Venture has approved a $191 million (A$294 million) (Rio Tinto share $96 million... Read more

Strong metals trading as Trafigura publishes annual results

Trafigura Group Pte Ltd, a global leader in the commodities industry, has announced its financial results... Read more

Rio Tinto’s Nuton technology produces first copper

Rio Tinto has successfully produced the first copper from the Johnson Camp mine in Arizona using its... Read more

US soy and Uzbekistan sign MoU to expand trade

The American Soybean Association’s World Initiative for Soy in Human Health programme and the... Read more

KNAC and Rio Tinto sign updated agreement

Karlka Nyiyaparli Aboriginal Corporation (KNAC) Registered Native Title Body Corporate and Rio Tinto... Read more

OCI Global announces sale of OCI Ammonia Holding to AGROFERT

OCI Global, a leading global producer and distributor of nitrogen products has announced that it has... Read more

Court of Appeal confirms permit for new steel plant in Luleå

In December 2024, SSAB was granted a permit by the Land and Environment Court at Umeå District... Read more

Simandou partners celebrate start of operations

The President of the Republic of Guinea has joined project partners WCS1, Baowu, Chinalco and Rio Tinto... Read more