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Carbon capture and storage (CCUS), is set to become a reality in the UK, as the first round of licensing sites are offered. This is the process of capturing carbon dioxide (CO2) emissions from industrial producers. These include heavy industry like steel and cement, resource power plants and hydrogen production. After being separated from other gases, the CO2 is then compressed and stored in underground geological formations. It may also be used to create commercial products. CCS can also be used to produce clean hydrogen, another important technology. CCS reduces emissions from off-grid hydrogen production that uses gas or coal gasification.
Sites offered in this round include areas off the coast of Aberdeen, Teesside, Liverpool and Lincolnshire. There has been significant interest in CCS schemes, which could mean strong competition to win licences. Chief executive of the North Sea Transition Authority (NSTA) Andy Samuel said: “This is an important day on the path to net zero emissions. “In addition to the huge environmental benefits of significantly reducing carbon dioxide emissions into the atmosphere, the facilities will provide opportunities for many thousands of highly-skilled jobs.”
He went on: “Carbon storage is going to be needed across the world. There is growing investor appetite and we are keen to accelerate development of the carbon storage sector so that the UK is well-positioned to be a global leader. “The NSTA is ready to work with industry, government, regulators and others to deliver these exciting projects at pace.”
Estimates suggest up to 100 carbon dioxide (CO2) stores may be required if the UK is to meet its target of reaching net zero by 2050. The schemes would see CO2 emissions from industry, transported by ships or in pipelines. They are eventually stored offshore, deep underground in geological formations. Organisations must apply for a licence within 90 days, with the NSTA due to evaluate the bids after 13 September. New licences will be awarded in early 2023, with some schemes up and running within four to six years of that.