Industrial Mission Zero Network
What is the Industrial Mission Zero Network?
Of the emerging technologies that the government’s Net Zero Strategy most relies upon, it is hydrogen and Carbon Capture, Usage and Storage (CCUS) where the investment landscape currently appears to be most uncertain. For businesses, the certainty that funding is allocated for the medium-term is a crucial signal of UK commitment. The Industrial Mission Zero Network seeks to support the development of this investment strategy.
Our Industrial Mission Zero Network explained
The use of CCUS and hydrogen is essential when it comes to decarbonising industry for the future. The Climate Change Committee has made clear that CCUS is a necessity for net zero, and the London School of Economics has found that ‘the potential contribution of CCUS to sustainable growth is high, especially considering the long-term preservation of jobs – potentially up to 53,000 by 2030 – in energy intensive industries’.
The Net Zero review set out a process by which we need to support a long-term strategy for CCUS deployment, and how we build out storage and transportation facilities for CO2.
The Network explores the industrial use of hydrogen for the future. This goes beyond establishing immediate industrial hubs and includes what the future of disperse sites will look like, and how to ensure that we can decarbonise cement works and other factories that don’t have the advantage of natural geological storage.
The Network also questions how we can create an industrial decarbonisation process, given the intensity in which industrial factories produce carbon dioxide, and their disproportionate use of gas as part of the UK’s energy mix.
As recommended in the review, by the end of 2023, an ambitious and pragmatic 10-year delivery roadmap for the scaling up of hydrogen production is required, as investment decisions are likely to be needed sooner than 2025 to support hydrogen production projects and allow appropriate construction time for the scale of infrastructure required.
Download our latest report
The Industrial Mission Zero Network
This report will be launched on the 1st of December 2023 at 9am. Please register for the virtual event here.