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Today's announcement signals a huge step forward towards meeting the government targets of four decarbonised industrial clusters by the end of the decade and the world's first net zero industrial cluster by 2040. These projects will significantly reduce CO2 emissions, attract new industry to the UK, create and protect jobs, and increase energy security. Find out more about the IDC projects at the heart of these clusters; HyNet: https://lnkd.in/ebHMcT7m Northern Endurance Partnership: https://lnkd.in/eC6Wx-89 Net Zero Teesside: https://lnkd.in/eQiFKwZD
Entering a new era of clean technologies 🌍💡 We welcome the news today that the government has confirmed funding to launch the UK’s first industrial clusters to deploy carbon capture, at sites in Merseyside and Teesside. This investment is set to create new skilled jobs, unlock billions of pounds of investment and speed up the UK's journey to net zero. At Innovate UK, we’re already at the heart of this transition, through our £210m UKRI - Industrial Decarbonisation Challenge (IDC), which has supported the development of low-carbon technologies and infrastructure, including carbon capture, utilisation and storage technologies (CCUS). HyNet Onshore, HyNet Offshore, Northern Endurance Partnership (part of East Coast Cluster) and Net Zero Teesside are four key projects, funded through the IDC and delivered by Innovate UK, which have enabled this investment. This announcement presents a real opportunity to significantly reduce CO2 emissions, create and protect jobs in the industrial clusters, and boost economic growth for the whole of the UK. To find out more about the IDC, click here: https://lnkd.in/eKMMeEeQ To read more about today’s announcement, click here: https://lnkd.in/eYRc3hGy