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UK: Spirit Energy, Peak Cluster call for new route to market for CCS

17 May 2024

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Centrica subsidiary Spirit Energy and the Peak Cluster partnership of UK lime and cement manufacturers have asked government for a clear route to market for their carbon capture and storage (CCS) plan. At the moment there are only Track 1 and Track 2 projects that have funding.

Spirit Energy is operator of the proposed Morecambe Net Zero (MNZ) plan to sequester emissions from industry in former gas fields in Liverpool Bay. This is not in either of those two categories.

In their May 15 report, the parties said a third route to market would unlock private investment in CCS projects that are needed to ensure the UK can hit its net-zero targets.

The partnership calls for measures to expedite the delivery of projects like its own to leverage the growth potential of CCS and deliver significant socio-economic benefits to the UK.

Original announcement link

Source: OEUK

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