Carbon Herald just published UK Greenlights Development Funding For Viking CCS Project.
Carbon Herald reports that Harbour Energy has received government approval for development funding for its Viking CCS project, a significant milestone for the venture. Viking is one of the UK’s major planned carbon capture and storage schemes, designed to transport captured CO2 from industrial emitters in the Humber region and store it in depleted gas fields under the Southern North Sea. The funding decision follows the project’s earlier selection under the UK’s Track 2 cluster sequencing process. According to the outlet, the approval gives Harbour Energy a firmer basis to advance the project toward final investment decisions and eventual construction.
Our take (Heads-up): Development funding is a real step but not a final commitment - the gap between government backing and operational storage has tripped up UK CCS projects before. The article is light on the funding amount and timeline, which are the details that matter here. Worth watching whether emitter contracts and final investment decisions follow at pace.
-> Read the full piece at Carbon Herald
Captain Drawdown is flagging this. The reporting is Carbon Herald’s. Go read them directly, not a rewrite from us.
Source: Carbon Herald