Peak Cluster carbon capture project will create thousands of jobs
Peak Cluster, a carbon capture project, will create thousands of jobs, Chancellor Rachel Reeves has said. The project would develop a pipeline to capture the emissions from cement and lime factories in the Peak District, burying it below the Irish Sea.
The pipeline will be built to transfer CO2 from Derbyshire, Staffordshire, and the North-West, storing it in depleted gas fields off the coast of Barrow-in-Furness in Cumbria. The £59.6 million project would create jobs, deliver “vital carbon capture infrastructure,” and modernise the cement and lime industry.
The government says the Peak Cluster project is the largest cement decarbonisation project on the planet, creating around 300 jobs. An additional 1,200 temporary roles could be created during the pipeline’s construction, according to the government, and a further 2,000 would be supported by the plan.
The Peak Cluster project and Morecombe Net Zero carbon storage projects “could create and secure 13,000 jobs” in total. It is backed by £28.6 million from the government’s National Wealth Fund (NWF) and £31 million from privat partners.
Carbon capture and storage involves capturing CO2 produced from power stations and industrial processes at the source, rather than allowing it to escape into the atmosphere.
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