Should the UK power its CCUS ambitions with EOR?
Enhanced oil recovery could recycle carbon to sustain North Sea oil production while renewables are scaling up
The UK government’s Powering Up Britain report showcased its commitment to bolstering its support and spending on CCUS as the country strives to reach net zero by 2050, slash electricity prices and become a green leader in the global energy transition. According to the latest projections by the IEA, to deliver deep emissions reductions and limit global temperature increases to 2°C by 2060, 14pc of cumulative emission reductions must be derived from CCUS technologies. Svein Sollund, CEO of AGR Though £20bn ($24.9bn) was announced at the UK’s 2023 spring budget and two new CCUS clusters are under negotiation in the north of England, the P