CimbriaPort of South LouisianaBühler GmbHThe Wolfson Centre for Bulk Solids Handling Technology TBA GroupIMPA Events
  • Cimbria
  • Van Aalst
  • Vigan
  • IMPA Events
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Port of South Louisiana

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

Bunge announces changes to board of directors

(Posted on 31/03/23)

Bunge Limited has announced that Kathleen Hyle, non-executive chairperson of the Board of Directors,... Read more


Rio Tinto and First Quantum Peruvian copper project partnership

(Posted on 31/03/23)

Rio Tinto and First Quantum Minerals have entered into an agreement to form a joint venture that will... Read more


Call for EU co-legislators to secure clean ammonia production

(Posted on 28/03/23)

Fertilizers Europe has called on EU co-legislators to ensure that clean fertilizer and ammonia production... Read more


BHP and Hatch design study for electric smelting furnace pilot

(Posted on 24/03/23)

BHP and global engineering, project management and professional services firm, Hatch, have signed an... Read more


Rio Tinto spends over A$15.3 bn with Australian suppliers

(Posted on 20/03/23)

Rio Tinto increased its spend with Australian suppliers to more than A$15.3 billion in 2022, as part... Read more


Trafigura closes the refinancing and extension of credit facilities

(Posted on 20/03/23)

Trafigura Group Pte Ltd., a market leader in the global commodities industry, has announced the closing... Read more


Nexyst 360 selects Nexxiot to digitalize 5000 grain containers

(Posted on 07/03/23)

Nexyst 360, an innovative grain transportation solution provider, has partnered with Nexxiot to digitalize... Read more


Cargill strengthens executive team

(Posted on 28/02/23)

Cargill has announced the appointments of Joanne Knight as Chief Financial Officer (CFO) and Philippa... Read more


SACE’s Push Strategy to support supplies of commodities to Italy

(Posted on 24/02/23)

Trafigura, a market leader in the global commodities industry, has entered into a USD 500 million five... Read more


Job losses loom as British steel proposes coke ovens closure

(Posted on 22/02/23)

British Steel has announced proposals to close its coke ovens as part of its drive to overcome global... Read more


ViganTelestackPort of StocktonVan AalstTOC Europe 2023Sailors Society
  • Port of Stockton
  • TOC Europe 2023
  • Sailors Society

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping