![]() The UK government has promised £800m to decarbonise at least two heavy-industry “carbon clusters”, the first in 2025 and the second by 2030, falling short of calls from MPs and the government’s official independent climate advisers at the committee on climate change to roll out multiple carbon capture projects within the next five years. There are still only 20 projects in commercial use worldwide but the IEA believes that in the last three years plans for more than 30 commercial carbon capture facilities have come forward, representing a potential investment of about $27bn (£20.7bn). It would also be “virtually impossible” for the world to meet its climate targets without it, according to the International Energy Agency. The new alliance will operate the pipes and storage facility needed to transport the emissions from both industrial zones and dispose of almost 50% of the UK’s industrial emissions in saline aquifers beneath the North Sea seabed.Īndy Lane, BP’s head of carbon capture solutions, said the project represents a “significant milestone” towards developing the offshore infrastructure needed to safely store carbon, and the oil industry’s “willingness to come together and collaborate wherever possible” to contribute to the UK’s climate goals.Ĭarbon capture and storage is considered vital to the UK’s legally binding target to create a carbon neutral economy by 2050. Meanwhile, at the Humber a separate alliance including National Grid, Equinor and power generator Drax hopes to capture at least 17m tonnes of CO 2 from hundreds of refineries and factories. The veteran North Sea oil extractor is leading a partnership including Italy’s state oil company Eni, Norway’s Equinor, National Grid, Royal Dutch Shell and French energy company Total in a plan to transport 17m tonnes of carbon dioxide every year from two separate carbon capture projects based in the Teesside and Humber industrial clusters on England’s east coast.Īt Teesside, BP will work with the same oil companies, in a separate venture, to capture up to 10m tonnes of carbon dioxide a year from the industrial cluster – equivalent to the same emissions produced from the energy used by 3m UK homes – from the mid-2020s.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |