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<p>We are committed to deploying carbon capture and storage (CCS) this decade as we
work towards Net Zero by 2050 and see an opportunity for the UK to become a global
leader in CCS.</p><p> </p><p>That’s why we announced a new CCS Infrastructure Fund
which will enhance long-term competitiveness of UK’s industrial regions by providing
at least £800 million to establish CCS in at least two UK clusters, one by the mid-2020s
and another by 2030, contributing to our net zero targets and levelling up the economy.</p><p>
</p><p>In parallel, we are investing over £40 million between 2016 and 2021 in CCUS
innovation, which includes £4.2 million funding for Tata Chemicals to construct a
carbon capture and utilisation (CCU) plant. When operational in early 2021 the plant
will capture and use approximately 40,000 tonnes of CO<sub>2</sub> each year to produce
sodium bicarbonate and soda ash that can be used in high-end products such as haemodialysis
equipment. Through the £24 million BEIS Call for CCUS Innovation, we are funding HyNet,
project Acorn, OGCI Climate Investments and Drax/C-Capture to develop their CCUS deployment
projects.</p><p> </p><p>In addition, UKRI announced the allocation of the first phase
of funding for the Industrial Decarbonisation Challenge earlier this month, which
we expect CCUS to play an important role in.</p>
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