UK invests £28.6mn in carbon capture project to decarbonise cement and lime
The Peak Cluster CCS project is expected to create around 13,000 jobs.
The UK’s National Wealth Fund is providing £28.6 million in equity to support the Peak Cluster carbon dioxide transport pipeline – part of a carbon capture project meant to decarbonise the cement and lime industry.
The sovereign wealth fund’s investment is part of a £59.6 million equity raise that also includes Summit Energy Evolution (part of Sumitomo Corporation), Progressive Energy Peak and Peak Cluster cement and lime producers Tarmac, Breedon, Holcim and SigmaRoc as financiers.
