Commenting on the UK government’s decision to support the development of carbon capture, Richard Lum, Co-CIO at Victory Hill Capital Partners LLP, advisor to VH GSEO, said:
“Today’s £20bn move by the chancellor to support carbon capture is a healthy step in the right direction, that will help ensure the UK continues to lead the world in applying this technology.
“The Government has recognised the need to do more to promote the reuse of the captured emissions, rather than only backing sequestration. Reusing these emissions could boost the economy by supplying certain sectors such as the food and beverage and agriculture industries with valuable and much needed carbon dioxide gas.”
The sustainable investment trust VH GSEO is invested in the construction of two combined heat and power plants in Nottinghamshire, UK, which bring together gas-fired engines technology with a CCS system.
