2022 Report details for project: CCUS
| Project name | CCUS - there are 2 reports for this project: 2022, 2023 |
|---|---|
| Google search | Google search on project name (opens in new window)  |
| Contracts | Contracts search (opens in new window) - under development |
| Organisation | BEIS (D1198) - see all reports for this organisation |
| Report year | 2022 (data is from September 2021) |
| Category | Infrastructure - see all reports for this category |
| Description: | CCUS is essential in meeting net zero target and we have committed to supporting the deployment of CCUS in two industrial clusters by the mid-2020s and a further two clusters by 2030, as announced in the Prime Minister's Ten Point Plan. As set out in the Net Zero Strategy we have an ambition to capture 20-30 million tonnes of CO2per annum and, as per the Energy Security Strategy, will enable 10 GW of low carbon hydrogen capacity by 2030 with at least half from electrolytic hydrogen, subject to affordability and value for money. |
| DCA (RAG) | Amber |
| DCA text: | The IPA's DCA rating at 21/22-Q4 is Amber. This is primarily due to the following factors: The programme is complex in nature and delivering to tight timescales with a number of potential blockers identified. Risks are being actively managed to mitigate against delays and recommendations from recent IPA assessment are being implemented. |
| Start date | 2020-04-01 |
| End date | 2030-12-31 |
| Schedule text | Your project end-date is 31 DEC 2030. This is primarily due to the following factors: The programme remains on schedule, with the risks identified, to meet the commitment of two clusters by mid 2020s and four clusters by 2030. |
| Baseline | £155.80m |
| Forecast | £13.80m |
| Variance | -91.00% |
| Variance text: | The budget variance in FY21/22 is due to the reprofiling of Capital costs over the whole programme lifetime. |
| Whole Life Cost | £3,330.00m |
| WLCost text: | Your projects Baseline Whole Life Cost is 3330.20 (£m). This is primarily due to the following factors: The majority of the CCUS Budgeted Whole Life Costs consist of the Capital Investment Fund of £3,000m This fund will support the capital costs of strategic CCUS infrastructure, primarily Transport and Storage networks, and industrial carbon capture projects. This will help to address, along with work on enduring business models, the commercial barriers that have previously impacted the development of CCUS in the UK. This is a proportion of the whole life costs, which are split between the CCUS and Industrial Decarbonisation and Hydrogen Revenue Support (IDHRS) programmes. |
| Notes1: | |
| Notes2: | |
| Sourcefile | IPA_2022.csv |
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Acknowledgement: GMPP data has been re-used under the Open Government Licence.