The final investment decisions taken at the end of 2024 for the UK’s first carbon capture and storage (CCS) projects marked a significant milestone for both the industry and the country.
Westwood’s UK CCS Country Report provided an overview and assessment of the UK CCUS market, analysing progress across key areas including policy and strategy, funding and support mechanisms, and the wider economic potential of CCS in the UK.
The 40-page report also reviewed the UK’s carbon capture and storage project landscape, highlighting both development progress and the challenges facing the sector. These included securing sufficient investment, establishing effective support mechanisms, and maintaining a carbon pricing environment capable of encouraging long-term deployment.
It served as a valuable resource for organisations across the energy value chain seeking to understand the opportunities, risks and market outlook for CCUS in the UK.
Summary
UK Assessment Scorecard
Opportunity for the UK
UK CCS Strategy
Targets and Milestones
Government Vision
Cluster Development
Cluster Overview
Regulations & Support
Carbon
Business Models
Funding
Carbon Storage
UK Geological Reservoir Storage Potential
UK CCS Strategy – Carbon Storage Process
Storage Status – Licensing Rounds
Storage Status – CS Licences and Associated Projects
Storage Status – CS Projects with Associated Licences
Storage Status – All Active CS Licences
Storage Status – Geological Overview
Project Status
Cluster Status – Overview
Cluster Status – Summary
Track-1 East Coast Cluster
Track-1 HyNet North West
Track-2 Acorn Cluster
Track-2 Viking
CCS Outside of the Clusters
Carbon Storage Development
CCS Upside
Trade
Barriers to CCS
Appendices
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