OEUK Commends National Wealth Fund’s Strategic Investment in Carbon Transport Infrastructure
Aberdeen – July 8, 2025 – The industry body representing the UK’s offshore energy sector, OEUK, has expressed its enthusiastic support for the National Wealth Fund’s commitment to developing vital carbon transport infrastructure. This significant backing, announced today, marks a pivotal moment in the nation’s journey towards achieving its ambitious net-zero targets, underscoring the critical role of carbon capture, utilization, and storage (CCUS) in the energy transition.
The National Wealth Fund’s investment is a clear demonstration of foresight and a strong commitment to building the foundational infrastructure required for a sustainable energy future. By supporting the development of robust and efficient carbon transport networks, the Fund is enabling the crucial work of capturing CO2 emissions from industrial sources and securely storing them, thereby mitigating their impact on the climate.
This funding is particularly important as it directly addresses one of the key enablers for widespread CCUS deployment. The ability to transport captured carbon safely and economically from a diverse range of emitters to suitable storage sites is paramount to the success of decarbonization strategies across various industries, from heavy manufacturing to power generation.
OEUK’s Chief Executive, [Insert Name and Title if available in the source, otherwise omit or use a generic placeholder like ‘the Chief Executive’], commented, “We are delighted to see the National Wealth Fund recognizing the strategic importance of carbon transport infrastructure. This investment is a testament to the growing understanding that CCUS is not merely an option, but a necessity for delivering a secure and sustainable energy future for the UK. It provides crucial impetus for projects that will underpin industrial decarbonization and create new, green jobs.”
The development of this essential infrastructure will not only facilitate the reduction of industrial emissions but also foster innovation and create a new, low-carbon industry. OEUK has long advocated for the strategic development of CCUS clusters, and this announcement aligns perfectly with those efforts. It is expected to unlock significant private sector investment, creating a virtuous cycle of growth and environmental benefit.
Furthermore, the establishment of shared transport and storage infrastructure can lead to economies of scale, making CCUS more accessible and cost-effective for a wider array of businesses. This approach is vital for ensuring a just transition, where industries can decarbonize without compromising their competitiveness.
OEUK believes this investment will significantly accelerate the deployment of CCUS projects across the UK, helping to secure the nation’s industrial base and its position as a leader in clean energy technologies. The industry looks forward to working collaboratively with the National Wealth Fund and other stakeholders to ensure these critical transport networks are developed efficiently and effectively, paving the way for a cleaner, more prosperous future for all.
OEUK welcomes National Wealth Fund support for carbon transport
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Oil & Gas UK (OGUK) published ‘OEUK welcomes National Wealth Fund support for carbon transport’ at 2025-07-08 09:11. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.