The UK Government has confirmed almost £22bn ($28.9bn) of funding over 25 years to two major carbon capture, utilisation and storage (CCUS) and blue hydrogen clusters.
The two sites in Teesside and Merseyside will have a combined carbon capture capacity of 8.5 million tonnes per year, storing carbon dioxide (CO2) in depleted gas fields in the North Sea and Irish Sea respectively.
“This game-changing technology will bring 4,000 good jobs and billions of private investment into communities across Merseyside and Teesside, igniting growth in these industrial heartlands and powering up the rest of the country,” said Chancellor, Rachel Reeves.
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