Consultation outcome

Carbon capture, usage and storage (CCUS): Industrial Carbon Capture business model

This consultation has concluded

Download the full outcome

Government response

Detail of outcome

The government response summarises the responses received and the government’s view on:

  • proposed business model to support industrial CCUS deployment
  • the investability and suitability of the proposed business model for incentivising efficient decarbonisation and delivering value for money
  • the interaction of the Waste ICC Contract and the waste hierarchy

This response will be of interest to CCUS stakeholders, including:

  • investors and developers in potential CCUS projects
  • the energy sector
  • industry, including energy intensive industries
  • the waste sector

Detail of feedback received

We received 25 responses from individuals, businesses, trade bodies and other organisations.

The responses were generally technical in nature in response to the specific design of the proposed contractual terms.

The ICC and Waste ICC contracts will be used in the due diligence and negotiations stages of the CCUS Cluster Sequencing process for Track-1.


Original consultation

Summary

We're seeking views on our proposed business model for Industrial Carbon Capture.

This consultation ran from
to

Consultation description

Following business model updates in 2020 and 2021, this consultation seeks views on the business model for Industrial Carbon Capture (ICC). It covers:

  • proposed ICC Terms and Conditions and ICC Front End Agreement

This consultation will be of interest to CCUS stakeholders, including:

  • investors and developers in potential CCUS projects
  • the energy sector
  • industry, including energy intensive industries
  • the waste sector

but any organisation or individual is welcome to respond.

Documents

Industrial carbon capture business model: April 2022 update

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email alt.formats@beis.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Draft: Industrial carbon capture: standard terms and conditions

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email alt.formats@beis.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Draft: Industrial carbon capture front end agreement

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email alt.formats@beis.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
Published 12 April 2022
Last updated 16 December 2022 + show all updates
  1. Government response published.

  2. First published.