With the UK estimated to have enough capacity to hold two centuries’ worth of emissions, the report calls for swift action to make sure government’s net zero drive benefits UK jobs and economy.
It also finds that supply chain companies in the UK offshore oil and gas sector are in a “prime position” to win CCS work, but only if urgent action is taken to foster a domestic industry.
CCS has been recognised as a critical technology to help energy-intensive sectors, such as cement and power generation, meet their net zero goals. The UK’s Net Zero Strategy estimates that around 50m tonnes a year will need to be captured by 2035.
The report, commissioned by the Department for Business, Energy and Industrial Strategy (BEIS), finds that offshore oil and gas supply chain companies already have some capabilities in areas including plant design and engineering, plant fabrication, and construction.
It suggests a range of actions for government and industry, including...