Energy, Oil & Gas Magazine Issue 220 May 2024 | Page 62

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“ This will take our total committed investment to carbon capture in the UK to £ 20 million , which is a significant development expenditure . When we spoke last year , we were one of 20 waiting to get through , now we ’ ve been selected and are progressing with the full design of the facility . There are 50 facilities in the UK , and of those , we have ten . They are all broadly the same design , so there is the potential to replicate the model . Likewise , the potential for our sector to be this immense underpin of the UK ’ s delivery of carbon capture , which the Climate Change Committee says is 100 percent essential to achieving the UK ’ s net-zero goal , is a vast opportunity ,” he explains .
“ The next step is negative emissions and the concept of offsetting difficult-toabate sectors , such as aviation , shipping or cement manufacturing , for example .
Another potential is direct air capture ( DAC ), which is the use of chemical or physical processes to extract carbon dioxide directly from the ambient air . Right now , that technology may be prohibitively expensive , so we ’ re hoping to focus on kickstarting the
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