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ARTICLE · 29 OCTOBER 2021

UK's CCUS Funding Can Benefit All Sectors

Marks & Clerk
Marks & Clerk
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Marks & Clerk

Marks & Clerk

Marks & Clerk LLP was founded in 1887 by George Croydon Marks, who was joined in partnership by...

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On 19 October 2021, the UK government announced the Hynet and East Coast Clusters as Track 1 clusters in the £1 billion carbon capture and storage (CCS) Infrastructure Fund.

United KingdomGovernment, Public Sector

n 19 October 2021, the UK government announced the Hynet and East Coast Clusters as Track 1 clusters in the £1 billion carbon capture and storage (CCS) Infrastructure Fund. In the days since, there has been a significant reaction from various parties regarding the Acorn project in St Fergus in the North East of Scotland missing out on funding, and being set as a "reserve cluster".

It is important to set aside the politics, and step back to consider what the funding means. Carbon Capture Utilisation and Storage (CCUS) represents a suite of technologies aimed at preventing quantities of carbon dioxide from being released into the atmosphere from the use of fossil fuels. Early technology in CCUS has been in use since the 1970s in some sectors and is a proven technology. However, in order to meet the UK's 2050 net zero commitment, the pace of CCUS usage needs to be accelerated to utilize and/or capture emitted CO2. CCUS is one of the innovative technologies which form

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