The Carbon Capture and Storage Association (CCSA) welcomes today’s launch by the Teesside Collective of their plan to develop Europe’s first industrial CCS cluster in the Tees Valley.
The plan consists of two phases; the initial phase which would capture and store 2.8m tonnes of CO2 per year by 2024 – helping to maintain almost 6,000 jobs, and the expansion phase which could deliver up to 15m tonnes of CO2 reduction per year by 2035, creating an additional 2,600 jobs and £2bn Gross Value Added (GVA).
Dr. Luke Warren, Chief Executive of the CCSA, commented, “Since its inception through the Tees Valley City Deal, the Teesside Collective project has become a leading voice on how to develop industrial CCS in the UK.”
“The reports launched today mark the culmination of eighteen months of hard work to understand the policy and incentives that will be required to enable this project to fly.”
... to continue reading you must be subscribed
