UK government commits £22bn for carbon capture and storage projects

Posted on 7 Oct 2024 by James Devonshire
Encirc, part of the HyNet industrial decarbonisation cluster, which is the location of the Prime Ministers speech (Photo credit: HyNet)
Encirc, part of the HyNet industrial decarbonisation cluster, which is the location of the Prime Ministers speech (Image credit: HyNet)
The UK government has announced £21.7bn in funding over 25 years to make the country’s first carbon capture and storage projects a reality. The significant funding will be used to build two undersea carbon storage sites and pipelines in Teesside and Merseyside, directly creating 4,000 jobs and supporting 50,000 jobs in the long-term. Carbon capture,…

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