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A new report has today been published by the Nuclear AMRC part of the High Value Manufacturing Catapult, on behalf of the Supply Chain Woking Group of the CCUS Council.
The report “CCUS supply chain intervention strategy,” is the first key output from the CCUS Council Supply Chain Working Group, Chaired by Dame Judith Hackitt.
Today’s report concludes that there is a significant opportunity to increase UK manufactured content in the Carbon Capture, Utilisation and Storage sector, contributing to economic growth and creating export opportunities – whilst at the same time helping to achieve the UK’s transition to net zero. It draws on existing market research and adds new analysis on the UK manufacturing supply chain ‘s capability and readiness to support this rapidly growing market.
With targeted development, UK manufacturers can supply all parts of a carbon capture plant. However, the UK needs to act quickly to establish its capability, competence and capacity in domestic projects if we are to drive down costs and compete in the much larger global market.
To ensure the CCUS supply chain is ready to support CCUS deployment to meet Government targets for 2035 and beyond, the report recommends the establishment of a Fit For CCUS (F4CCUS) programme, which would “strategically develop existing manufacturing businesses to match to CCUS sector requirements”.
“This report clearly shows the scale of opportunity for UK manufacturing in the supply chain for CCUS but if we are to make the most of it we must act quickly to raise awareness and build capability and capacity. We need clear signals from Government to create confidence and this can be done by backing the proposal to establish a Fit 4 CCUS programme.
We need to turn this great potential into a reality creating jobs and driving towards our Net Zero goals”
“We need an ambitious vision for a low carbon industrial revolution, creating tens of thousands of skilled, satisfying and well-paid jobs throughout the UK. Time is of the essence to grasp this unique chance to be world leaders in crucial low carbon technologies.”
“We are entering a critical period for CCUS development and deployment and it is vital that the UK supply chain stands ready to deliver. The recommendations in today’s report build on the CCSA’s report on the same subject, setting out further details on how the UK can maximise on the significant economic opportunities that a strong CCUS industry represents.
The UK has unique advantages, skills and expertise – in both CCUS and hydrogen, with benefits estimated at 120,000 annual jobs and £8 billion a year GVA over the period 2024–31. With the first CCUS clusters due to come online this decade, there is not a moment to lose if we are to ensure the necessary roll-out of CCUS in line with net zero.”