Developers eye rapid UK offshore CO₂ storage growth
Companies have near-term ambitions to bring online 37 storage sites by 2035, according to industry survey by Crown Estates
Developers active in the UK’s CCUS sector have ambitions to bring online more than 50 offshore CO₂ storage sites by 2050, with particularly strong interest in the Southern North Sea, according to a survey by official seabed managers Crown Estate and Crown Estate Scotland. The survey, carried out in the spring, received input from 15 of 22 developers engaged across the UK’s CCUS sector. Those developers that responded to the survey aim to bring online 37 storage facilities buy 2035, with an additional 25 by 2050, the Crown Estate says. Developers showed interest in all regions of the UK continental shelf, with the Southern North Sea being of particular interest as this area is close to the in
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation