The Carbon Capture and Storage Association (CCSA), the trade body for the Carbon Capture, Utilisation and Storage (CCUS) industry in the UK, has today published a report on developing the UK supply chains to deliver a successful CCUS rollout programme, in line with Net Zero.
The report “Supply Chain Excellence for CCUS” has been developed with input from sector experts from almost 50 organisations; including BEIS and the Energy Industries Council (EIC).
The report concludes that expenditure on CCUS (including hydrogen and greenhouse gas removals) could reach £41 billion by 2035, and with strategies to support domestic companies, the UK could develop a CCUS supply chain with a high proportion of UK jobs and local manufacturing of products and goods – delivering significant benefits to regional economies in the UK’s industrial heartlands.
Olivia Powis, Head of UK Office at the CCSA, said:
“Due to geographical advantages and world-leading skills and expertise, the UK has a unique opportunity to become a global leader in the development of CCUS. The next decade will be critical for CCUS deployment and by implementing the recommendations in today’s report, we have the opportunity to create a strong UK supply chain, providing significant domestic jobs and growth.
This will boost the UK’s prosperity and make a significant contribution to the Government’s levelling up agenda, whilst at the same time creating important export opportunities for UK companies in a global market estimated to be worth several hundreds of billions of pounds by 2050”.
James Smith, Co-chair of the CCUS Council, said:
“Net zero is by far the biggest infrastructure project the UK has pursued in peacetime. Successful delivery demands excellent supply chains. Excellent supply chains create major opportunities for the UK to rejuvenate and rebuild its industrial base.”https://www.ccsassociation.org/wp-content/uploads/2021/07/CCSA-report-Supply-Chain-Excellence-for-CCUS-22-July-2021-1.pdf