Fantastic news for HyNet, and all of the UK Clusters - the investment from UK Government is going ahead. Truly a day for celebration after a roller coaster ride for more than two decades for CCS and industrial decarbonisation 🎉🎊
“We’re reigniting our industrial heartlands by investing in the industry of the future.” ~ Keir Starmer HyNet has been given the green light by Government! HyNet will unlock the decarbonisation of industry and create growth across the North West and North Wales industrial heartlands. HyNet will: 💷 secure £5 billion of private sector capital 🤝 support companies to successfully compete in international low carbon markets 🏭 attract new industries to the UK 🌍 position Britain as a world leader in the global net zero economy 👷♀️ create 6,000 construction jobs and thousands of long-term operational roles 📝 build a strong base of skills 📃 be a replicable blueprint, replicable across the globe, enabling widespread industrial decarbonisation ⚡ boost energy security 💡 generate low carbon power to supply us when the wind doesn’t blow and the sun doesn’t shine. 💚 reduce carbon dioxide emissions by up to 10 million tonnes every year – the equivalent to removing four million cars from the road. Read more - https://lnkd.in/ekS_E2g2