As part of this commitment BEIS expects to invest approximately £100 million in low-carbon industrial innovation to reduce the risks and costs of accelerating the roll out of low carbon technologies which will enable UK industry to remain competitive.
Later this month, BEIS will open a £15 million Call for CCUS Innovation to offer grant funding for innovation projects that lead to significant reduction in the cost of capturing and sequestering carbon dioxide. Funding for up to 28 months will be available to 31 March 2021. BEIS will consider grants of up to £5 million for a single project.
The Call will be guided by the findings of the report of the Mission Innovation Carbon Capture, Utilization, and Storage Experts' Workshop held in Houston last year.
As part of the government's Clean Growth Strategy, BEIS will be allocating up to £20 million to design and construct carbon capture and utilization (CCU) demonstration projects. This programme aims to encourage industrial sites to capture CO2 which could then be used in industrial applications and enable a pathway for the development of carbon capture technologies at an intermediate scale, reducing the costs and risks.
The first phase of the program focuses on initial scoping study for an engineering supplier to work on BEIS' behalf with potential host sites, carbon dioxide users and technology suppliers to produce site-specific cost estimates for deploying CCU at UK industrial sites.
(Source: GOV.UK, Devdiscourse, June, 2018)Contact:
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