The Carbon Capture and Storage Association (CCSA), a trade body for the Carbon Capture, Utilisation and Storage (CCUS) industry in the UK, has welcomed the Government’s publication of its response to the CCUS Business Models consultation.
Published in July, the consultation response addresses important details that are vital to the development and deployment of CCUS projects in the UK.
The response to the consultation on CCUS business models summarised the responses received and government’s view on:
- Potential CCUS business models for industry, power, CO2 transport and storage and low carbon hydrogen production action needed to enable CCUS deployment in the 2020s, including a CCUS delivery action plan.
- Objectives and principles for CCUS deployment.
Commenting on the publication, Luke Warren, Chief Executive of the CCSA, said, “We are delighted that the long-anticipated report on CCUS Business Models has been published by the Government. This consultation response is a critical step forward in the development of the commercial framework that is essential if the first CCUS projects in the UK are to be operating by the mid-2020s.”
“The government has today set out their minded-to-position on the business models that will be used to enable CCUS investment in the UK. This includes the proposed approach for CO2 transport and storage infrastructure which will underpin CCUS deployment in the UK’s industrial regions – delivering clean regional growth, making a significant contribution to the Government’s levelling up agenda and helping to support a green post-covid recovery.”
“Whilst this paper does provide all of the answers, the Government has committed to build on this and come forward with further detail by the end of the year. We look forward to working with Government over the coming months to progress the proposals set out today”.