The drive for more CCUS and hydrogen is accelerating
The International Energy Association says there are over 500 CCUS projects across the global value chain in development with around 50 to be operational by 2030.
As part of this, the UK government has committed to £20 billion for CCUS development over the next 20 years. It’s also backing for the Net Zero Hydrogen Fund (which will give up to £240 million capital support for production facilities) and the Hydrogen Production Business Model.
However, project costs will continue to be a major challenge for CCUS and hydrogen.
Advancing materials technology
There’s not one sector that wouldn’t benefit from more advanced materials. Our endless innovations pave the way for industry-wide breakthroughs. To help speed up CCUS and hydrogen growth will require materials that are lighter, stronger, and able to resist corrosion from demanding environments and high temperatures.
We discussed these and other challenges and opportunities at the 5th UK CCUS and Hydrogen Decarbonisation Summit held in Leeds at the beginning of February.
The event focussed on the projects and innovation around CCS, CCU within industrial operations, and how hydrogen can decarbonize industry and transport. The summit brought together over 750 government officials, regulators, key industry stakeholders, leading academia, and service companies. It represented a good cross-section of customers, EPC/end users, and their supply chains.
Our experienced team, with colleagues from sales, technical marketing, research and development, and marketing and communications, answered many questions. Visitors to our booth got to see how important R&D is in materials selection and our innovation processes.
Attending the event was enlightening as we observed fellow companies, much like ours, undergoing brand name changes. It provided a valuable opportunity to stay abreast of current industry information and news, gaining insights into the evolving landscape.
