A partnership between UK-based Aker Carbon Capture (Aker) and waste management company Viridor plans to accelerate carbon capture, utilisation and storage (CCUS), potentially unleashing up to £1bn of private investment into the country.
The companies will explore decarbonisation through the installation of Aker’s Just Catch modular CCUS plants on five Viridor waste-to-energy sites across the UK.
Developed over the past two decades, the technology could see Viridor’s net zero plans accelerating by a decade to 2030, delivering around 1.5m tonnes of carbon dioxide (CO2) savings per year along with two planned bespoke CCUS plants.
Stating that the partnership could realise major emissions reductions in a hard to abate sector, Valbord Lundegaard, CEO, Aker, added, “Our modular carbon capture plants are designed for fast delivery and easy hook-up, and together with our partners we see this as a great opportunity to contribute to reaching climate goals and creating green jobs in the UK.”
The installation is part of Viridor’s five-step action plan to net zero emissions by 2040, with the aim to become the first net negative emissions waste and recycling company in the UK by 2045.
“Viridor stands ready to invest in developing world-leading carbon capture technology,” said Kevin Bradshaw, CEO, Viridor.
“Government policy support for waste management facilities to participate in industrial carbon capture schemes will be vital for us to keep progressing our plans.”
With the funding and natural resources to make the UK a leader in the CCUS sector, the partners expressed optimism towards the collaboration, saying that they are looking forward to ‘maturing the opportunities’ in a rapidly evolving market.