There is ‘significant opportunity’ to increase the UK’s manufactured content in the carbon capture, utilisation and storage (CCUS) sector, according to a report released today (1st March) by the CCUS Council Supply Chain Working Group.
The report, titled ‘CCUS supply chain intervention strategy’, states that the UK could harness opportunities presented by the CCUS sector to grow its economy, take advantage of export opportunities, and accelerate the UK’s net zero ambitions.
The report underlined that - as more sectors of industry focus on reducing carbon emissions - there is enormous potential to be exploited in CCUS.
Having drawn on existing market research, the report also adds new analysis on the UK manufacturing supply chain’s capability, revealing that, with targeted development, UK manufacturers are able to supply all parts of a carbon capture plant.
Commenting on the report, Greg Hands, Energy and Climate Change Minister, said, “I welcome this report which outlines the opportunities presented by CCUS technologies for supply chain companies, creating economic growth and export potential, while helping achieve the UK’s commitment to net zero.”
To fully take advantage of opportunities and drive down costs, the report states that the UK needs to scale-up quickly to establish its capability, competence, and capacity.
This was echoed by Dame Judith Hackitt, Chair, CCUS Council Supply Chain Working Group and Chair of MakeUK, who added, “This report clearly shows the scale of opportunity for UK manufacturing in the supply chain for CCUS but if we are to make the most of it we must act quickly to raise awareness.”
“We need clear signals from Government to create confidence and this can be done by backing the proposal to establish a Fit 4 CCUS (F4CCUS) programme.”
The F4CCUS programme is a scheme recommended in the report to help meet Government targets for 2035 and beyond through the support of CCUS deployment.
Andrew Storer, Chief Executive, Nuclear AMRC – which led the report on behalf of the CCUS Council – emphasised the need to ‘act now’ to ensure the UK supply chain is ready to deliver for the national developments.
“We really hope the results can inspire a coherent overall approach to CCUS supply chain initiatives, ensuring the UK delivers CCUS to help achieve net zero and provide significant economic impact in key regions in the UK.”