The UK government has announced £54.4 million in funding to support a number of projects across the country aimed at removing greenhouse gases from the atmosphere.
The funding comes under phase 2 of the Direct Air Capture and Greenhouse Gas Removal technologies competition. Totalling £60 million, in phase one of the competition, 23 winners received a share of £5.6 million. Of those, 15 have progressed to phase two and will receive a share of the newly announced £54.4 million fund.
The cash injection will help create new jobs and put the UK at the forefront of this new industry, which could be worth billions to the UK economy, according to the government.
Some of the funding recipients include: Advanced Biofuel Solutions in Swindon, who will receive £4.75 million for a plant that can convert gas from household waste into low carbon hydrogen for use in the transport industry; Mission Zero Technologies in London, who will receive £2.9 million to build a machine that can pull carbon dioxide out of the air; and the University of Exeter, who will receive nearly £3 million to develop their ‘SeaCURE’ system to remove carbon dioxide from seawater.
Energy and climate change minister, Greg Hands, said: “This £54 million government investment announced today will help establish a greenhouse gas removal industry in the UK, which could be worth billions to our economy, bringing in private investment and supporting the creation of new green jobs.”
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