Peak Cluster responds to recent Government Announcements

Over the last week, w/c 18th December 2023, the UK Government (HMT and the Department of Energy Security and Net Zero) announced a series of updates surrounding carbon capture and other low carbon technologies. This includes the Carbon Border Adjustment Mechanism.

We welcomed the Treasury announcement this week of a Carbon Border Adjustment Mechanism (CBAM) coming in 2027, with Peak Cluster’s reaction being included in the Government announcement.

Project Director, John Egan of Progressive Energy said:

"Starting by 2030, Peak Cluster will decarbonise 40% of the UK’s cement and lime production via carbon capture and storage (CCUS). We are therefore very pleased to hear Government's ongoing commitment in the CCUS Vision published today, with the intent for competitive allocation rounds from 2027. Today's news follows the announcement of the Carbon Border Adjustment Mechanism (CBAM) at the start of this week. Together, this week's announcements will encourage investment in the decarbonisation of essential industry across the UK creating new jobs, safeguarding existing jobs and drastically reducing carbon emissions. We look forward to working together with DESNZ to deliver the CCUS Vision in 2024 and beyond."

Peak Cluster to provide £180 million annual economic boost

A new report shows that Peak Cluster will impact very positively on Derbyshire, Staffordshire and Cheshire, delivering a £180m GVA boost each year.

Peak Cluster is an innovative collaboration to capture, transport and permanently store CO2 emissions from neighbouring industries and across Staffordshire and Cheshire. Peak Cluster will safeguard over 2,100 existing jobs.

Read the full report

Read more.

Peak Cluster signs MoU with MNZ Cluster

The Morecambe Net Zero (MNZ) Cluster, a planned carbon dioxide storage facility off the coast of Barrow-in-Furness, has today entered into a Memorandum of Understanding (MoU) to explore storage opportunities for CO2 captured by the Peak Cluster. Together, MNZ and Peak Cluster will accelerate the UK’s journey to net zero.

This will enable the production of low carbon cement - essential for the UK economy, safeguarding UK jobs, and the construction of vital infrastructure such as homes, hospitals and clean energy production.

Spirit Energy, the company leading a consortium to deliver the MNZ Cluster, will transform the depleted North and South Morecambe gas fields into a world-leading carbon storage facility.

Read more.

Come and meet the project!

Come along and meet the team and discuss the project in greater detail.

➡️ Wednesday 24 May 2023 - Pavilion Gardens, Buxton -12pm-8pm

➡️ Thursday 1 June 2023 - Memorial Court, Northwich - 2pm-7pm