C-Capture’s response to the Prime Minister’s launch of the Ten Point Plan for a Green Industrial Revolution, including additional support for Carbon Capture & Storage projects in the UK
C-Capture Limited, the designer of world-leading and innovative chemical processes for carbon dioxide removal, welcomes the announcement by Prime Minister Boris Johnson that the UK Government will provide an extra £200 million of new funding to create two carbon capture clusters by the mid-2020s, with another two set to be created by 2030.
This announcement doubles the ambition for the number of CCS projects in the next decade, increasing the total invested to £1 billion, helping to support 50,000 jobs in areas such as the Humber, Teesside, Merseyside, Grangemouth and Port Talbot.
The CCS cluster projects provide massive industrial growth opportunities and will help level up the country, providing jobs and investment in industrialised areas.
C-Capture CEO Tom White said:
The UK Government is stepping up to the mark, increasing funding, to accelerate crucial technologies to avoid catastrophic climate change.
Now the is race on, to build the critical Carbon Capture and Storage projects, as part of the UK’s post COVID economic recovery and route to Net Zero.
Visible domestic success will stimulate significant business opportunities overseas. The UK is on the right path to be a global leader in CCS, we are proud to part of that journey.”
C-Capture has patented an innovative technology which offers a safe, low-cost way to remove carbon dioxide from emissions, and it is exploring opportunities with many companies whose CO2 emissions will be captured and stored as part of these CCS cluster projects. C-Capture’s innovative technology helps reduce the barriers to large scale deployment of CCS as it offers a low cost, environmentally benign alternative.